Peregrine Treasury Solutions

20 Nov 17

How to Deal with Treasury Risks


If you are running a reasonable sized business, chances are you will have significant cash flows in and out of the business during the course of a month. This brings with it certain risks which can be controlled and managed to ensure the smooth operating of your organisation.

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26 Oct 17

#MTBPS2017: SOEs Continue to Drain State Coffers


“The SOEs continue to be a burden on fiscal coffers with more and more funds being redirected into SAA. In addition, foreign lenders are no longer willing to roll over any of the debt incurred by SOEs, even if it is backed by government, which is quite worrisome. This speaks to the amount of distrust they have regarding the South African government’s ability to perform on those guarantees,” says Bianca Botes corporate treasury management, Peregrine Treasury Solutions.

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26 Oct 17

MTBPS – negative for the rand, outlook poor


All-in-all the MTBPS speech can be viewed as fairly negative in light of the South African economy and the situation SA finds itself in at the moment. The SOEs continue to be a burden on fiscal coffers with more and more funds being redirected into SAA.

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24 Oct 17

Gigaba Faces Tough Challenge


Bianca Botes at Peregrine Treasury Solutions said that the Treasury’s spending was already ahead of target, while tax receipts are R40bn below expectations, leading to a projected budget deficit of 3.4%. “SA has a staggering R2.3 trillion of debt, with interest of R166bn a month. Gigaba needs to curb this,” she said.

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23 Oct 17

Rand Weakens a Little as Markets Eyes Spate of Risk Events


Analysts expect the rand to be under pressure this week, ahead of a closely watched medium-term budget policy statement on Wednesday. The speech will be a key determinant of ratings-agency decisions later in 2017.

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