Margaux Giannaros

South Africans would have taken comfort if their finance minister had given assurances that there would be no more wasteful expenditure on South African Airways. Reuters/Siphiwe Sibeko

South Africa’s 2016 budget lacked urgency and conviction

South Africa’s finance minister claimed that a number of initiatives were in place to ensure that policies are actually implemented. But they were too broad and lacked urgency and conviction.
South Africans take their cue from what Finance Minister Pravin Gordhan says about the country’s economic outlook. Reuters/Mike Hutchings

Economic forecasting: why it matters and why it’s so often wrong

Forecasts are crucial for all economic and business activity. But looking into the future involves uncertainty and risk. Forecasts may be inaccurate, which creates a serious dilemma for policy makers

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