MARKET WRAP: Rand and JSE buoyant after MTBPS

📆 10/26/2022 2:32 PM
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Finance minister Enoch Godongwana’s medium-term budget policy statement hits the right notes even while deferring the Eskom question

The rand strengthened to the best level in a month on Wednesday as investors welcomed finance minister Enoch Godongwana’s medium-term budget policy statement .

Godongwana struck the right tone with markets after unveiling better-than-expected budget deficit and primary balance outcomes, an improved outlook on the country’s debt ratio and continued strong emphasis on fiscal consolidation...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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