Tito Mboweni

EFF wants Ranjeni Munusamy cut from Mboweni team

The Economic Freedom Fighters (EFF) want Finance Minister Tito Mboweni to sever all contractual ties with journalist Ranjeni Munusamy until she deals with the allegations against her. The EFF has given Mboweni a week in which to reverse the appointment of Munusamy to a position at National Treasury. On Wednesday[…]

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Mboweni puts to rest rumours he may resign

Finance Minister Tito Mboweni has responded to suggestions he may resign with a tweet saying he was staying put in his post and working to fix South Africa’s flagging economy. “There is a malicious rumour that I have resigned. It is untrue,” Mboweni posted on his Twitter account late on[…]

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Fedusa threatens strike over civil servant increases

Labour federation Federation of Unions of South Africa (Fedusa) has threatened to strike over government’s decision to backtrack on a three year agreement that would have given civil servants a seven percent wage increase from the beginning of next month. In his budget speech, Finance Minister Tito Mboweni announced that the public sector wage[…]

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SA bankers criticize proposal for commercial state bank

Representatives of SA’s banking and financial services industry say they are finding it difficult to understand government’s rationale behind establishing a commercial state bank. Delivering the Budget in Cape Town on Wednesday, Finance Minister Tito Mboweni said government would proceed to establish a new state bank whose “architecture will be[…]

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Breakdown of Budget 2020

A proposal to cut the state’s wage bill by R160.2 billion over three years as Treasury warns of ever-rising debt repayment costs, was one of the key announcements in the 2020 Budget. “For the credibility of our fiscal stance, that R160 billion or so needs to be found,” Mboweni told[…]

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Mboweni to meet ANC top six to discuss economic recovery plan

The African National Congress (ANC) head of economic policy Enoch Godongwana has confirmed that Finance Minister Tito Mboweni will meet with the party’s top six officials on Monday to discuss his economic recovery plan for the country. Godongwana says South Africans will have their say on Mboweni’s proposed economic strategy, which the[…]

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