Financial Matters: 2024 Medium-Term Budget Policy Statement (MTBPS) - What it means for South African consumers.

In today’s episode, we are diving into the 2024 Medium-Term Budget Policy Statement (MTBPS) and unpacking what it means for South African consumers. This annual budget update is critical because it sets out government’s fiscal priorities, changes in public spending, and revenue forecasts over the next three years. For everyday South Africans, the MTBPS impacts key areas like taxes, interest rates, and government support programs. Today, we'll look at how these policy shifts could affect your wallet, from the cost of essentials to loan repayments and savings. Join Dr Frank Magwegwe, Head of Financial Wellness and Advisory at Nedbank and GIBS faculty member, as he breaks down the key takeaways and discuss what this budget statement means for your personal finances, both now and in the year ahead.See omnystudio.com/listener for privacy information.