Entrepreneurship To The Point Post Supplementatry Budget PresentationPhumlani M. Majozi
Phumlani presented South Africa's post Supplementary Budget analysis and macroeconomic outlook to SMEs at the Entrepreneurship To The Point webinar in June 2020.
Entrepreneurship To The Point Post Supplementatry Budget PresentationPhumlani M. Majozi
Phumlani presented South Africa's post Supplementary Budget analysis and macroeconomic outlook to SMEs at the Entrepreneurship To The Point webinar in June 2020.
All the information about the fiscal policy is provided in this slide for ever BBA student it is easy to understand the fiscal policy and its terms and types INFORMATION FOR CLASS PROJECTS AND CLASS PRESENTATION
This ppt contains
Budget
Fiscal Imbalance
Deficit
Deficit Financing
Harshit Jalan
Adverse Effect of Deficit Financing
Need
Is deficit financing inflationary
This presentation discusses austerity measures as part of a government fiscal management cycle. The emphasis of the presentation is to look government debt and deficits as way to understand how to managed those areas.
A primer on the U.S. federal budget deficit, including an examination of political policies and economic factors adding to the deficit and a look at future deficit projections
Phumlani presented at Project Management South Africa (PMSA) conference in November 2020 - on the economic outlook for project managers in a time of COVID19 pandemic.
Media statement Reaction to ratings action by Moody's (2)SABC News
Moody's Investors Service, ("Moody's") has today downgraded the Government of South Africa's long-term foreign-currency and local-currency issuer ratings to Ba1 from Baa3. The outlook remains negative.
All the information about the fiscal policy is provided in this slide for ever BBA student it is easy to understand the fiscal policy and its terms and types INFORMATION FOR CLASS PROJECTS AND CLASS PRESENTATION
This ppt contains
Budget
Fiscal Imbalance
Deficit
Deficit Financing
Harshit Jalan
Adverse Effect of Deficit Financing
Need
Is deficit financing inflationary
This presentation discusses austerity measures as part of a government fiscal management cycle. The emphasis of the presentation is to look government debt and deficits as way to understand how to managed those areas.
A primer on the U.S. federal budget deficit, including an examination of political policies and economic factors adding to the deficit and a look at future deficit projections
Phumlani presented at Project Management South Africa (PMSA) conference in November 2020 - on the economic outlook for project managers in a time of COVID19 pandemic.
Media statement Reaction to ratings action by Moody's (2)SABC News
Moody's Investors Service, ("Moody's") has today downgraded the Government of South Africa's long-term foreign-currency and local-currency issuer ratings to Ba1 from Baa3. The outlook remains negative.
Mr Speaker Sir, I move that leave be granted to present a
Statement of the Estimated Revenues and Expenditures of
the Republic of Zimbabwe for the 2019 Financial Year and
to make Provisions for matters ancillary and incidental to this
purpose.
Government response to Fitch's rating decisionSABC News
Government notes Fitch’s decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB+’ and to also revise the outlook to negative from stable. South Africa’s foreign and local currency credit ratings by Fitch remain below investment grade.
Medium Term Budget Policy Statement 2019 SABC News
The Medium Term Budget Policy Statement is an important piece of our budgeting process. The first statement was published on the second of December 1997, during the first democratic administration led by President Nelson Mandela.
Hi All,
Budget View from Team Aera
The government of India has put their ambitious and national building plan with today's Budget. They are looking to sheld their defensive image to a growth centric government.
We find that the Budget is impressive.
Please find the attached first cut review of the Budget.
We welcome comments from you as well as ready to provide any more details /clarity on this finance bill 2021 ..
Thanks
Team Aera
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The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
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6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
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1. A look at South Africa’s economy
amidst COVID-19 pandemic
Phumlani M. Majozi
2. The state of South Africa’s
economy before COVID-19
• By the end of 2019 Ramaphoria had long dissipated
• Consumer and business confidence had gone back to record lows
• Dismal economic growth – marked by two technical recessions
• Unemployment rising and now at staggering levels – approaching
30% if you exclude those who have given up looking for work
• Private and public sector investments were in tatters
• Foreign sell-offs in JSE equities and government bonds
• Rising government debt and budget deficits – a dire fiscal situation
that had hurt South Africa’s sovereign credit ratings with S&P and
Fitch
• State-owned enterprises a financial mess e.g. Eskom, SAA, Denel
• Power outages across the country
4. Change in gross government debt for various emerging
market economies 2008–2019
Phumlani M. Majozi
5. Where we are right
now
• Difficult to give exact numbers because of the lockdown, Stats SA
says
• But in February, Finance Minister Tito Mboweni projected that the
consolidated budget deficit would widen to 6.8 percent of GDP this
year
• Amidst COVID-19, S&P says fiscal deficit could widen to an all-time
high of 13.3 percent of GDP
• The South African Reserve Bank (SARB) has cut interest rates by
about 42% this year with the intention to boost the economy
• Government announced R500 Billion stimulus package – partly
financed through debt
• S&P and Moody’s have already downgraded our credit sovereign
rating to junk status this year
• S&P on Friday said the economy would contract by 4.5% this year
due to lockdown restrictions. This would be below the 7%GDP
contraction forecast by the SA Reserve Bank last week
Phumlani M. Majozi
6. Moving to Level 3 and
reopening the economy
• The Bureau for Economic Research (BER) says that Level 3 provides for
more economic productivity with more sectors reopening – including
schools
• The BER further projects that overall levels of activity will remain
notably below what we saw before the pandemic - for the following
reasons:
• The move to Level 3 is not like a flick of a switch. Companies will be
asked to phase in the reopening and to put in place all the necessary
health precautions
• Some industries will remain closed under Level 3
• A number of COVID-19 hotspots in the major metropolitan areas have
been identified
• The president warned that the pandemic in SA will get much worse
from here before it gets better
• No timeline was provided for how long Level 3 could last – so there’s
uncertainty in that aspect
Phumlani M. Majozi
7. Looking ahead
• Mboweni will next month table an adjustment budget, which will
account for the impact of COVID-19 on the fiscus. Expect high
levels of projected deficits and government debt from the
minister
• With the economy being reopened – which will result in demand
slowly coming back - and the benchmark interest rate already
lowered by more than 40% this year to 3.75% - don’t expect
further cuts in rates in the second half of 2020
• The ratings agencies will keep the country in junk status for the
foreseeable future. Things will only change for the better when we
see real, tangible reform
• The economic data for the second quarter will be horrible when
released by Stats South Africa
• While the economy will contract this year, the general consensus is
that it will bounce back next year. SARB projects 3.8% economic
growth in 2021 – and 2.9% in 2022
Phumlani M. Majozi
8. Mitigating risks in your life
amidst dire economic
outlook
• Stay calm
• Invest, invest, invest or save, save, save where possible
• Enhance your skills (do those online courses) to remain
competitive in a tough labor market
• Expand your network
• Take opportunities as they come
• Try to multiply your sources of income
• You are lucky to work at Sasfin. Be grateful!
Phumlani M. Majozi