Goolam Ballim
Goolam Ballim
central fresh high job littered persistent risk robust social speech variety
The central risk to social cohesion is persistent and high unemployment. The speech was littered with a variety of fresh initiatives that heighten the probability of increasingly robust job creation.
economy entering global monetary policy reduced resulting transition
The world economy is entering a global monetary transition that will see incremental monetary policy tightening resulting in reduced global liquidity.
debt general groups high income low ratio
As a general rule, as income rises, so debt increases, but in the very low income groups we find an extraordinarily high ratio of debt.
bottom bull buoyant company growth line overall profits rand remains seeing surprised
The bottom line is that you still have buoyant company profits and the overall growth story remains positive. I'm a rand bull and not surprised we are seeing these levels.
beginning economy however local
This is not the beginning of the end for the buoyancy in the local market. The fundamentals of the local economy are sound, however the consolidation is welcome.
almost assume final swan
If you assume that this was his final budget, it was an almost near-perfect swan song.
almost cautious economic growth immediate local mean monetary require response
For the local economy, it would mean almost immediate inflationary and economic growth risks, and would require a cautious response from the monetary authorities.
cannot critical dismissed exports importance operations
The importance of exports is critical to our economy. Thus, any disturbance in port operations cannot be dismissed lightly.
affected considered cuts household income inflation poor providing tax
Inflation would not be affected by providing tax cuts to the poor and middle-income groups. Especially pensioners, who get what is considered a household grant, could score.