Had Finance Minister Pravin Gordhan raised VAT, he would probably have been fired.
Gordhan’s budget was disappointing and even a bit depressing, says Jaco Leuvennink.
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HSBC analysts have challenged the belief that the fundamental forces of economic growth, state spending, inflation and central bank guidance propel government debt yields.
The 30-year-old bull market in bonds looks to be ending with a bang in month that also saw world equity markets’ capitalisation climb R8.9trn.
China’s bonds have dropped for a third week on signs the central bank is tightening funding conditions and as economic data point to a stabilising economy.
Germany has issued a 10-year bond at a negative interest for the first time as fears about Brexit and economic worries cause investors to rush to the safety of German debt.
Investors have started paying for the privilege of owning German government bonds as fears of a Brexit and economic worries caused a rush to German debt.
While being questioned for allegedly bribing South Korea’s president, Samsung Group’s Jay Y. Lee is locked up at a prison notorious for housing convicted billionaires, a serial killer and the hangman’s noose.
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