This week was crucial in the stand-off between Finance Minister Tito Mboweni and the Department of Public Enterprises (DPE) Minister Pravin Gordhan for the future of failed, the state-owned airline, South African Airlines (SAA). This preposterous attempt to resurrect SAA, …Continue reading
Finance Minister, Tito Mboweni, started his emergency budget speech by alluding to the two solutions the government must implement: stabilizing debt and reducing the deficit. Alas, the initial spark of hope soon died. According to Mboweni, almost half of all …Continue reading
The South African economy is facing a ‘savings crisis.’ Citizens cannot afford to save enough money to drive the necessary capital generation for investment because of the suffocating effects of the government’s economic policies, such as high tax rates and …Continue reading
Finance minister Tito Mboweni’s new economic strategy paper is a refreshing, much-needed breath of fresh air for an economy struggling for oxygen. The paper is replete with common sense proposals all aimed at achieving the economic growth South Africa desperately …Continue reading
Did government blink in the face of SAX demands? It had been reported that, finally, there was a voice of reason within the government regarding public funding for failed state-owned enterprises (SOEs). But, subsequent developments may contradict this.
Last week, …Continue reading