Sanlam - Economic Commentary

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	Investor Relations About Sanlam Financial Results Annual Results 2011 Annual Results 2010 Annual Results 2009 Annual Results 2008 Annual Results Interim Results 2011 Interim Results 2010 Interim Results 2009 Interim Results Operational Update Consensus Estimates Credit Ratings Presentations News Releases Archive Annual Reports Annual Reports Archive Sanlam Life Annual Report Sustainability Report Shareholders Diary Annual General Meeting Sanlam Shares ADR Holders Roles of the Depository bank FAQ Contact Us Economic Information Economic Commentary About Jac Laubscher Comment on an Article National Budget 2012 National Budget Archive National Budget 2011 National Budget 2010 National Budget 2009 National Budget 2008 Inflation History 2008 Annual Results Announcement 2008 Interim Results	Economic Commentary 08 May 2012 Is a fiscal policy council the answer? There is no denying that, rightly or wrongly, in the opinion of some people the credibility of South Africa's fiscal policy has been impaired. The implementation of a set of fiscal rules with which the state budget must comply is one way of promoting credibility, as is the creation of a statutory fiscal institution that plays an independent evaluative and directional role in fiscal policy. Read more \| Comment on this article 08 May 2012 Is fiskale beleidsraad die antwoord? Dit kan nie ontken word dat die geloofwaardigheid van Suid-Afrika se fiskale beleid, reg of verkeerd, in die oë van sommige mense aangetas is nie. Die instelling van 'n stel fiskale reëls waaraan die staat se begroting moet voldoen is een manier om geloofwaardigheid te bevorder, en so ook die daarstelling van 'n statutêre fiskale instelling wat 'n onafhanklike evaluerende en rigtinggewende rol in fiskale beleid speel. Read more \| Comment on this article 03 April 2012 The changing role of the Reserve Bank The global financial crisis has had far reaching consequences for central banks and monetary policy. The South African Reserve Bank also has to reconsider its role in the economy. Read more \| Comment on this article 03 April 2012 Die veranderde rol van die Reserwebank Met dié dat die Monetêre Beleidskomitee die repokoers reeds 16 maande lank onveranderd op 5,5% gelaat het, het belangstelling in die doen en late van die Reserwebank ietwat getaan. Read more \| Comment on this article 05 March 2012 Van herverdeling na welvaartskepping Daar word algemeen aanvaar dat die staat „n rol te speel het in die verdeling van inkomste om maatskaplike stabiliteit te bevorder, of om „n meer regverdige samelewing te verseker. Wat as regverdig of onregverdig beskou word, sal noodwendig „n geskilpunt wees en nie almal sal met die staat se begrip van regverdigheid saamstem nie.. Read more \| Comment on this article 05 March 2012 From redistribution to wealth creation It is generally accepted that the state has a role to play in the distribution of income in order to promote social stability, or to ensure a more equitable society. What is regarded as equitable or inequitable will inevitably be a moot point and not everyone will agree with the state's idea of equity. Read more \| Comment on this article 22 February 2012 Eerste indrukke van die Staatsbegroting Die fokus van die begroting val op die regte plek en beklemtoon dat hoër inklusiewe groei by uitstek die belangrikste en enigste volhoubare manier is om werkloosheid, armoede en ongelykheid te verminder. Read more \| Comment on this article 22 February 2012 First thoughts on the National Budget by Sanlams Group Economist The focus of the budget is in the right place, emphasising the pre-eminence of higher inclusive economic growth as the primary and only sustainable way of reducing unemployment, poverty and inequality. Read more \| Comment on this article 15 February 2012 Alles kom in die Begroting bymekaar Alhoewel geen bepaalde verklarings oor nuwe beleidsinisiatiewe in die 2011-MTBR gedoen is nie, meld die dokument wel dat die 2012-begroting ‘n ekonomiese ondersteuningspakket sal insluit wat daarop gemik is om die herstel op medium termyn aan te help en stukrag te verleen aan die langertermyn strukturele veranderings wat nodig is vir vinniger groei en ontwikkeling. Volgens die MTBR sluit hierdie inisiatiewe onder meer belegging in infrastruktuur en nywerheidsontwikkelingsones in. Read more \| Comment on this article 15 February 2012 It all comes together in the Budget Although no explicit announcements regarding new policy initiatives were made in the 2011 MTBPS, the document does state that “the 2012 Budget will include an economic support package aimed at strengthening the medium-term recovery and giving impetus to the longer-term structural shifts required for faster growth and development”. According to the MTBPS, these initiatives will inter alia include investment in infrastructure and industrial development zones. Read more \| Comment on this article Content within this section: About Jac Laubscher \| Comment on an Article \|

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21/05/2012