for subscribers

Tito Mboweni cuts from police, justice departments to fund SAA bailout

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
Finance Minister Tito Mboweni
Finance Minister Tito Mboweni
Gallo Images, Brenton Geach

Despite South Africa's corruption busting agencies warning budget cuts would reverse their gains, Finance Minister Tito Mboweni slashed the Department of Justice's budget by R194 million, and R1.196 billion from the police's budget to help fund the R10.5 billion bailout for the floundering South African Airways (SAA).

Mboweni, delivering his Medium Term Budget Policy Statement (MTBPS) to the National Assembly on Wednesday, said the Covid-19 pandemic had "given rise to shameful and exploitative acts of corruption".

"We must continue to defeat the corrupt and plug the loopholes," he added.

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
Lockdown For
DAYS
HRS
MINS
Voting Booth
When planning for the Black Friday sales do you:
Please select an option Oops! Something went wrong, please try again later.
Results
Save, research and plan ahead, preparing to make the most of it?
8% - 906 votes
Wait and see what looks like a good deal on the day?
14% - 1702 votes
Have no interest in spending more money this year?
78% - 9376 votes
Vote
ZAR/USD
15.21
(+0.91)
ZAR/GBP
20.31
(+0.88)
ZAR/EUR
18.08
(+0.71)
ZAR/AUD
11.19
(+0.24)
ZAR/JPY
0.15
(+1.06)
Gold
1807.64
(-1.54)
Silver
23.20
(-1.30)
Platinum
960.00
(+3.66)
Brent Crude
45.51
(+2.15)
Palladium
2340.00
(+0.48)
All Share
57761.92
(+1.08)
Top 40
53049.43
(+1.09)
Financial 15
11674.99
(+2.97)
Industrial 25
80126.12
(+0.26)
Resource 10
52568.48
(+1.54)
All JSE data delayed by at least 15 minutes morningstar logo