MNI BRIEF: BOJ's Takata Foresees 2% Target, Sees Exit Debate

CHINA PBOC INJECTS CNY117 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1036 THURS VS 7.1075

MNI: PBOC Injects Net CNY59 Bln Via OMO Thurs; Rates Unchanged

MNI China Daily Summary: Wednesday, Feb 28

MNI BRIEF: PBOC To Upgrade Yuan CIPS For Global Use - Pan

Australia Dec Total New Capital Expenditure +0.8%

Australia Jan Retail Trade +1.1% M/M

Japan Jan Ind. Output -7.5% M/M; Shipments -8.3% M/M On Auto

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Cabinet Ministers Meet to Discuss Economic Recovery, Basic Income Grant

SOUTH AFRICA
  • Government met today to discuss how to accelerate the country's economic recovery and consider the most feasible way to provide further welfare grants* ANC agreed in principle on the need for a basic income grant and the government is now considering the most sustainable way to implement it
  • FinMin Godongwana government has limited budget space to fund the party's project wish list and also about creating dependency on grants over stimulating grassroots growth through employment generating reforms
  • "The fact that the finance minister said there are fiscal pressures, does not change the fact that we need to find innovative ways on how to make sure that we deal with the desperations of people,"
  • cabinet will discuss whether or not the grant would be given to households or to individuals with Godongwana advising on fiscal conditions
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Markets Bullet PointsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Markets Bullet PointsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.