01 Nov 2020

Mini-budget: 'Perpetual need' to bail out underperforming SOEs fueling an economy in crisis

Thuletho Zwane

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Finance Minister Tito Mboweni’s medium-term budget policy statement was met with mixed reactions. Picture: Waldo Swiegers / getty images

BUSINESS

Finance Minister Tito Mboweni’s medium-term budget policy statement was met with mixed reactions, with trade unions happy that money had been set aside for state-owned enterprises (SOEs), but upset about the minister targeting the public sector wage bill to reduce government’s escalating debt crisis.

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