Dear MyPE The Minister of Finance, Tito Mboweni’s, “maiden” medium-term budget policy statement reveals a full-scale budget blowout, which is clear evidence that the “new path” of economic growth, employment and transformation has failed in South Africa. The medium-term budget policy statement reveals a full-scale budget blowout, with stagnant economic growth (2%), lower-than-expected revenue (R85 billion), higher-than-expected expenditure (R12 billion) and “bail-outs” of state-owned … [Read more...] about Tito Mboweni’s “mini-budget” reveals a full-scale budget blowout
David Maynier
Congratulations to Tito Mboweni on his appointment as new Finance Minister
Dear MyPE We congratulate the former Governor of the South African Reserve Bank, Tito Mboweni, who has been plucked from political obscurity and appointed as the new Finance Minister in South Africa. With his experience, the new Finance Minister will have the advantage of being able to hit the ground running and is, at least, known to market participants, ratings agencies and international financial institutions, who closely follow events in South Africa. However, we are concerned … [Read more...] about Congratulations to Tito Mboweni on his appointment as new Finance Minister
On Rats and Shooting From the Hip
In a recent statement the DA Spokesperson on Finance David Maynier said of the fact is that Guptas and their businesses are subjects of various investigations in the country; "We will not back down and will do everything to ensure that the various investigations being conducted into the Gupta family's businesses are concluded and that the results of those investigations are made public. The fact is that in the end the Guptas are like rats abandoning a sinking ship in South Africa." Referring … [Read more...] about On Rats and Shooting From the Hip
