Aluma Capital
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MTBPS 2025: A step towards fiscal stability and economic renewal
In Parliament yesterday, Finance Minister Enoch Godongwana delivered the Medium Term Budget Policy Statement (MTBPS) for 2025, outlining a cautiously optimistic outlook for South Africa’s economy and public finances. Significantly,…
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The Rand’s journey against the Dollar in 2025 – still undervalued by global standards
As of October 2025, the South African Rand is trading at R17.15 against the US Dollar, a significant figure in the context of an estimated average exchange rate of R18.20…
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South Africa is at risked of being SWIFTed by the banking system
The potential loss of access to the SWIFT payment system poses a profound threat to South Africa’s economy, with repercussions that could undermine both our national stability and future growth…
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South Africa’s interest rate dilemma amidst global trade winds
As global trade tensions escalate, particularly with the looming imposition of a 30% tariff on South African exports to the United States, the South African Reserve Bank (SARB) finds its…
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The impact of the Israel-Iran conflict on South Africa’s economy
The ongoing conflict between Israel and Iran in the Middle East has once again highlighted the fragility of global markets and the interconnectedness of geopolitical tensions with South Africa’s economic…
