Analysis  >  Friday Briefing: The plans for SA's reformation

CAPE TOWN, SOUTH AFRICA â?? OCTOBER 24: Finance Mi

A cactus for the future

When Tito Mboweni arrived for his first Budget Speech at Parliament with a succulent plant in hand, onlookers wondered what gimmick the finance minister, who is known for his wicked sense of humour, was planning.

Drawing inspiration from his part time job as a farmer, Mboweni explained from the podium in the National Assembly: "It is time for us to sow a seed of renewal and growth Despite our best efforts, sometimes, ravages and risks such as pests or rot could attack our green shoots. But we must persevere. We must prune and pluck away at the rot, until there is growth."

But the Aloe Ferox he handed to President Cyril Ramaphosa is a bitter plant, and South Africans will have to brace themselves to take the bitter with the (hopefully) sweet in the coming months and years as the Ramaphosa government implements changes to pull the fiscus back from the brink of a widening budget deficit, increased debt-to-GDP ratio, slow growth, and a bloated public service wage bill.

In this week's edition of News24's Friday Briefing, assistant-editor for in-depth news Pieter du Toit takes you inside Ramaphosa and Treasury's plans to reform South Africa, political analyst Thembinkosi Gcoyi looks at how the upcoming elections shaped the Budget and the IRR's Terence Corrigan interprets the budget allocation for land reform.

Enjoy the read!

Alet Janse van Rensburg

News24 Opinions Editor

CAPE TOWN, SOUTH AFRICA â?? OCTOBER 24: Finance Mi

The struggle to change the ANC's culture is a monumental one, and Cyril Ramaphosa seems determined to do this concurrently with his two other major projects: the state and the economy. Tito Mboweni and Pravin Gordhan have been cast as his implementing agents. He will cop the political flak while it will be left to his outriders to do the heavy lifting.

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CAPE TOWN, SOUTH AFRICA â?? OCTOBER 24: Finance Mi


A Budget for tough times with an eye on the election

Thembinkosi Gcoyi

Finance Minister Tito Mboweni has delivered what can only be seen a budget for the tough times. It is a budget that keeps an eye on the elections, without being a spendthrift. Though very little was given away to any one sector, given the constraints, it should be said that there was a lot of common sense in the speech.

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CAPE TOWN, SOUTH AFRICA â?? OCTOBER 24: Finance Mi


Budget reveals government's real position on land reform

Terence Corrigan

For all the voluble discussion around land reform and the evident determination of the country's political elite to steamroller a policy of expropriation without compensation, there was little in the Budget to suggest that land and agrarian reform were taking on any greater significance than has been the case previously.

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