Sovereign debt: A crisis of biblical proportions for the Mboweni-led Treasury

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article

When Finance Minister Tito Mboweni tabled his 2020 medium-term budget policy statement MTBPS on Wednesday, he made no bones about the possibility that he may have had to draw strength from the Bible to tell South Africa of the grim realities the nation found itself in.

The minister wrapped the speech up by citing the Gospel of John, Chapter 12, Verse 35 in the New International Version of the Holy Bible: "You are going to have the light just a little while longer. Walk while you have the light, before darkness overtakes you. Whoever walks in the dark does not know where they are going.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
USD/ZAR
14.61
(0.0)
GBP/ZAR
20.02
(0.0)
EUR/ZAR
17.37
(0.0)
AUD/ZAR
11.13
(0.0)
JPY/ZAR
0.13
(0.0)
Gold
1,743.98
(0.0)
Silver
25.25
(0.0)
Platinum
1,204.50
(0.0)
Brent Crude
62.95
(-0.4)
Palladium
2,641.93
(0.0)
All Share
67,191
(+0.2)
Top 40
61,459
(+0.3)
Financial 15
12,123
(+0.8)
Industrial 25
87,544
(+0.1)
Resource 10
68,608
(+0.2)
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1240 votes
No, I did not.
52% - 3096 votes
My landlord refused
28% - 1668 votes
Vote