- 15 hours ago
- 1 min read
The broader economic backdrop also offered some positive signals. The latest South African Budget was generally well received by markets, with government continuing its plan to gradually improve the country’s finances.
Encouragingly, the budget points to a narrowing deficit and stabilising debt levels,helped by stronger revenue collection and higher commodity-related tax income.Importantly, this progress is expected without major tax increases.
At the same time, South Africa’s 10-year government borrowing rate remains close to 8%, near its lowest levels in the past decade. Lower borrowing costs help support confidence across financial markets and create a more stable environment for investments such as bonds and income-focused assets.
