Budget Speech 2020

SykomantiS said:
Which may or may not be temporary, versus the permanent increase in fuel levies.

I'd be happy if fuel prices dropped regardless, but I don't think that is realistic beyond a month or two (or three?). Of course I'd love to be wrong about high fuel prices.
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The coronavirus is going to cause slow growth for the rest of the the year, it could even cause a recession. The oil prices is not going to recover quickly.
 
BBSA said:
Your feels again. Okay then.
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Isn't it called opinion? You've shared yours plenty of times; some of it based on your experiences. Almost like this gentleman from OM...

South Africans may be hit by a once-off tax next week, Old Mutual warns

An extra tax on income for individuals and companies – as well as another VAT hike – is on the cards in next week’s national Budget, according to Old Mutual Investment Group’s chief economist Johann Els. Finance minister Tito Mboweni will deliver his Budget speech on Wednesday. Government...
mybroadband.co.za mybroadband.co.za
So, based on my experience, public transport increases fares every time their profit margins are threatened. There's nothing wrong with being wrong.

Yes, oil prices are falling but they can still create artificial demand by cutting production. Also our volatile R...
 
ForceFate said:
Isn't it called opinion? You've shared yours plenty of times; some of it based on your experiences. Almost like this gentleman from OM...

South Africans may be hit by a once-off tax next week, Old Mutual warns

An extra tax on income for individuals and companies – as well as another VAT hike – is on the cards in next week’s national Budget, according to Old Mutual Investment Group’s chief economist Johann Els. Finance minister Tito Mboweni will deliver his Budget speech on Wednesday. Government...
mybroadband.co.za mybroadband.co.za
So, based on my experience, public transport increases fares every time their profit margins are threatened. There's nothing wrong with being wrong.

Yes, oil prices are falling but they can still create artificial demand by cutting production. Also our volatile R...
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o_O

How can you create artificial demand by cutting production:X3:

You probably meant they can limit supply by cutting production. This does not work any more as Russia will just produce more if Opec cut production.

The fact is that oil prices has dropped a lot and are still dropping.
 
BBSA said:
o_O

How can you create artificial demand by cutting production:X3:

You probably meant they can limit supply by cutting production. This does not work any more as Russia will just produce more if Opec cut production.

The fact is that oil prices has dropped a lot and are still dropping.
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Are you now going to attack me on semantics? Bottom line is that public transport operators (read taxi organisations) don't have a group of economists crunching numbers for them daily. They see profits dip, they slap R5 to the fare.
 
ForceFate said:
Are you now going to attack me on semantics? Bottom line is that public transport operators (read taxi organisations) don't have a group of economists crunching numbers for them daily. They see profits dip, they slap R5 to the fare.
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They will not do that is the petrol price is going down.
 
Well the rand is tanking. It's now at levels last seen since 2017. Loooovely.
 
rietrot said:
Everything is tanking all over the show, not just us. It's probably the virus
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You'd think that, but the Yuan isn't tanking, the AUD isn't tanking, though I guess the fact that the Mexican Peso is following our trend might make me feel a little better.
 
BBSA said:
The coronavirus is going to cause slow growth for the rest of the the year, it could even cause a recession. The oil prices is not going to recover quickly.
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No no no I've still got stuff to sell and buy, give me a few more months, then it can all fall apart...
 
Lupus said:
You'd think that, but the Yuan isn't tanking, the AUD isn't tanking, though I guess the fact that the Mexican Peso is following our trend might make me feel a little better.
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Don't just look at currency.
China manipulates the Yaun more than the virus stats.

People are moving money into safe countries, de-risking. Shares and all the emerging markets are taking a knock.
 
Lupus said:
You'd think that, but the Yuan isn't tanking, the AUD isn't tanking, though I guess the fact that the Mexican Peso is following our trend might make me feel a little better.
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Apples with apples. Need to compare with other developing markets.

The yuan (renminbi) isn't a free float, so you shouldn't expect it to move too much.
 
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