President Jacob Zuma delivers his State of the Nation Address (SONA).
South Africa's President, Jacob Zuma, promised radical economic transformation in his 2017 state of the nation address. A lot of what he said in support of this promise is alternative facts.
MYEFO is more positive about the 2016-17 budget bottom line than previous expectations. However, projections over the forward estimates have worsened.
While MYEFO discussion focuses on the budget deficit, experts say it also serves as a stark reminder of the need for bigger policy ideas in Canberra.
The South African economy just narrowly escaped a credit rating downgrade but it is not in the clear yet.
South Africa is breathing a sigh of relief after escaping a credit rating downgrade. But there are still serious concerns around structure of the country's economy and finances.
President Jacob Zuma Sleeping in Parliament during medium term budget presentation.
The video which shows South African President Jacob Zuma sleeping in parliament during the 2016 mid term budget is symptomatic of a much larger problem of lack of respect for the public.
South Africa’s Finance Minister Pravin Gordhan and his deputy Mcebisi Jonas have their work cut out.
South Africa's 2016 medium term budget has to rank as one of the most difficult that its finance had to deliver amid many political controversies.
Scott Morrison said the Moody’s affirmation was a ‘welcome boost’.
Moody's has reaffirmed Australia's AAA credit rating, as Malcolm Turnbull seeks to put pressure on Labor and crossbenchers to pass measures to help repair the budget.
Rating agencies like Standard and Poor’s have a bad track record when it comes to advice on the economy.
Credit rating agencies have a poor track record when it comes to evaluating risk.
As a veteran of the Rudd-Gillard-Rudd years, former treasurer Wayne Swan is a politician with a great deal of experience with parliamentary instability.
Australia is one of a small number of countries that enjoy a AAA rating.
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Ratings agency S&P seems unconvinced of the Australian government's ability to reduce the budget deficit.
Malcolm Turnbull and member-elect for the federal seat of Brisbane, Trevor Evans, speak to the media as they walk through central Brisbane.
The political and fiscal vice in which Malcolm Turnbull is now caught was neatly illustrated by a coincidence of timing in these early post-election days.
Bob Katter, leader of Katter’s Australian Party, said he had provided support ‘with no great enthusiasm’.
Crossbencher Bob Katter has given his support on supply and confidence to a Coalition government after a meeting with Prime Minister Malcolm Turnbull in Brisbane.
The budget repair necessary to keep Australia’s AAA credit rating seems even less likely after the election.
Budget repair seems even less plausible after this election and this is the main risk to Australia's AAA credit rating.
In his Tuesday National Press Club address, Chris Bowen highlighted the need to preserve Australia’s AAA credit rating.
Chris Bowen presented at the National Press Club on Tuesday as a well-prepared alternative treasurer, who could slot into the real job very easily if July 2 brought the chance. “Neat” is the word that…
Deloitte strongly argues the budget has a revenue problem, not just a spending problem – a proposition consistently rejected by Treasurer Scott Morrison.
The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
Much is expected of South African President Jacob Zuma when he delivers his 2016 State of the Nation Address.
The general loss of faith in the economy is the most important issue President Zuma must address. More radical social and economic transformation, with emphasis on land reform will be most critical.
In the first Politics Podcast for 2016, Michelle Grattan and Tony Burke discuss the challenging gap between government revenue and spending.
Treasury secretary John Fraser says if Australia were to permanently reduce net debt, it would have to achieve sustained structural budget improvements.
Australia should not be complacent about maintaining its top credit rating, which depends on achieving budget repair and a more diverse economy, Treasury secretary John Fraser has said.
South African academics are extremely worried about President Jacob Zuma’s axing of the finance minister.
Academics from several South African universities say that in the current world economy decisions about any country's finance minister cannot be made "lightly or capriciously".
Credit rating agencies often elicit criticism when they downgrade countries.
Credit rating agencies have come in for a lot of flack. But the bottom line is that to attract investors with deep pockets countries can't avoid having a credit rating. And a good one at that.
Deceitful Chinese may have trouble getting a mortgage in the not-too-distant future.
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China plans to create a credit reporting system that ranks people on trustworthiness using a all kinds of data, from finances to Facebook. Sound far-fetched? It's happening in the US too.