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[…]
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[…]
Minister of Finance Tito Mboweni has slammed Democratic Alliance (DA) interim leader John Steenhuisen‘s call for the coronavirus lockdown to be phased out. Steenhuisen says the lockdown is doing severe damage to the economy. Mboweni has, in a tweet, advised Steenhuisen to “stay in his lane”. Mboweni says Steenhuisen’s call is[…]
A national rescue effort to save thousands of lives threatened by the spread of Covid-19, while attempting to preserve and reconfigure the economy is unfolding on a scale unprecedented in democratic South Africa. The depth of the crisis the country finds itself in was underscored by a series of dire[…]
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[…]
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[…]
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[…]
Economists say Finance Minister Tito Mboweni will face a huge challenge when he delivers his Medium-Term Budget Policy Statement on Wednesday. The challenges are mainly political in a slow-growing economy. Mboweni is expected to release a revised economic growth strategy and a plan to address Eskom’s debt. Government is struggling to[…]
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[…]
The Congress of South African Trade Unions is demanding that Finance Minister Tito Mboweni withdraws the Draft Economic Recovery Strategy that he announced on Tuesday. Mboweni says the aim of the document is to assist the country to come up with solutions on how to get out of its current[…]
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