Tito Mboweni

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 [...]

Look and learn: choking debt before it chokes you

Comparing two different polities, especially with different demographics, history and economies, can be fraught and error-ridden. Writing in Politicsweb recently, RW Johnson dismissed as “very silly” attempts to find “alleged SA analogies” in sovereign and leadership comparisons “as if everything that happens in the world needs to be translated into what it means for SA”. [...]

By |2019-11-12T06:30:18+00:00November 12th, 2019|South African Politics, Tito Mboweni|0 Comments

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 [...]