Fifty minutes to spend R2.24 trillion from a purse of R1.96 trillion
Sasfin Asset Managers
Q1 of 2024 | 5 months ago
The last time that the government spent less than it received and so achieved the “happiness” result was back in the 2007/08 fiscal year. Since then, we’ve racked up 15 consecutive years of a “misery” result. Ahead of this year’s National Budget there were expectations that government revenue would overrun initial estimates and reduce the budget deficit estimate of 4.9% of GDP as presented in the Medium-Term Budget Policy Statement (“MTBPS”) in October. The peak level of sovereign debt that was forecast in the MTBPS at 71.4% of GDP was, however, expected to be moderately worse than that estimate.
With more than 400 co-managed unit trusts , BCI is by far the biggest administrator of unit trusts in SA as of 2020s.
Simon Hudson and Wiston Floquet founded in 2001 Flagship Asset Management.
In 2023, Allan Gray Manco is celebrating its 50th birthday of existence , founded in 1973.
Asset manager Coronation saw a need for a shariah-complient leaning asset managemnt and in 2002, founded a standalone manager Kagiso AM (now Camissa AM).
Fifty minutes to spend R2.24 trillion from a purse of R1.96 trillion
Sasfin Asset Managers
Q1 of 2024 | 5 months ago
The last time that the government spent less than it received and so achieved the “happiness” result was back in the 2007/08 fiscal year. Since then, we’ve racked up 15 consecutive years of a “misery” result. Ahead of this year’s National Budget there were expectations that government revenue would overrun initial estimates and reduce the budget deficit estimate of 4.9% of GDP as presented in the Medium-Term Budget Policy Statement (“MTBPS”) in October. The peak level of sovereign debt that was forecast in the MTBPS at 71.4% of GDP was, however, expected to be moderately worse than that estimate.
