Finance Minister

Plagues, locusts and SA’s political R factor

The fiscal apocalypse outlined in Wednesday's emergency budget was biblical in proportion and probably could add a new page to the Book of Revelation. Instead of reminding us of the End of Times, which is certainly on the cards as the country careers off the economic cliff face, Tito Mboweni settled for the Book of Matthew. He reminded [...]

SA ignored warnings about its debt crisis. Now you and I will pay dearly

When Tito Mboweni rises in parliament on Wednesday afternoon to present his revised budget, the normally emollient finance minister will likely replace his usual beaming smile with a grim rictus. This, after all, in the direst economic circumstances in more than 70 years (cue the Great Depression of the 1930s as an approximate marker on [...]

Mboweni and Ramaphosa, it’s time for action

This week’s medium-term budget policy statement (MTBPS) is the grimmest and most difficult in a generation. There’s the revenue shortfall, anticipated at about R50bn. The convenient — though perfectly valid — explanation for this huge undershoot is the internal sabotage at the SA Revenue Service by Tom Moyane and his merry men and women. The less [...]

Tito may not have good news, but he won’t fly a false flag – we hope

South Africans desperately seeking some good news are unlikely to find it in the speech in parliament on Wednesday afternoon from Tito Mboweni when he delivers the medium-term budget policy statement. Happier tidings might emerge from the pitch on Saturday afternoon when the Springboks meet England in the Rugby World Cup final at the International [...]

By |2019-10-30T04:38:24+00:00October 30th, 2019|Finance Minister, Opinion, South African Politics|0 Comments

Will Tito simply balance the books or throw the book at power?

Having ascended to the second-most-important job in politics, he should contemplate this Ratings agencies, taxpayers, investors and hard-pressed consumers will focus laser-attention on the pronouncements of new finance minister Tito Mboweni when he delivers his “maiden” mini-budget speech in parliament this afternoon. But there is nothing virginal about Mboweni’s cabinet status. He returns to the [...]

By |2018-10-24T07:03:15+00:00October 24th, 2018|Finance, Finance Minister, FW de Klerk, Uncategorized|0 Comments

Can our finance minister come up with a credible reform plan?

'Neither Nene nor his credible successor has such fires to light under the embers of our weak economy' Nearly one hundred years ago, Danish physicist and philosopher Niels Bohr wrote that ‘ The opposite of a fact is a falsehood, but the opposite of one profound truth may  be another profound truth’. These past five [...]

By |2018-10-10T13:58:59+00:00October 10th, 2018|Finance, Finance Minister, Uncategorized|0 Comments