The Star

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Government revenues will, however, continue to remain vulnerable to a further deterioration in economic conditions IN ADDRESSING the persis­tent budget deficits, as ex­pected, a combination of in­creased taxes and cost containment has been pro­posed, with forecasts of a reduction in the budget deficit to 2.4 percent in 2019. With respect to increased revenue, the implications… Continued

ECONOMISTS are divided on exactly how badly the repo rate hikes will affect the average South African in debt, though few believe yesterday’s hike is good news. The South African Reserve Bank is to increase the repo rate by 50 basis points. According to SARB governor Le- setja Kganyago, the rate at which the insti­tution… Continued

Fewer than four out of every 10 of last year’s successful matriculants are going to get jobs immediately, which means that close to 500 000 unemployed youths will be joining the ranks of the unemployed this year. According to trade union Soli­darity, the job market is tighter now than it has been for many years… Continued

CONSUMER debt will remain high despite the upcoming drop in fuel prices, a debt counsellor said yesterday. “The drop in the retail price of petrol of 45 cents a litre on Wednesday will bring welcome relief to deeply indebted South Africans, but the overall indebtedness of consumers remains a problem,” Debt Rescue chief executive Neil… Continued

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