for subscribers

Phumlani M. Majozi | Reflections on Mboweni's upcoming budget

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
Phumlani Majozi (supplied)
Phumlani Majozi (supplied)

The fundamental question is: why do we have a government that is not serious about spending cuts and implementation of market-oriented reform to boost economic growth? writes Phumlani M. Majozi

South Africa's Finance Minister, Tito Mboweni, will present his national budget on Wednesday. He'll lay out his budget at a time when the President of the Republic, Cyril Ramaphosa, has admitted that the government has run out of money. 

Politicians have finished all the money over the past years, and created the unpleasant economic environment we are now in - where investors choose to go and invest in countries whose economies do better. 

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 a Covid-19 vaccine for under 16's becomes available, will you be taking your children to get it?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, immediately!
37% - 2333 votes
I'll wait to see how others respond
27% - 1689 votes
No, I don't think they need it
37% - 2324 votes
Vote
ZAR/USD
15.07
(-0.48)
ZAR/GBP
20.99
(+0.17)
ZAR/EUR
18.26
(-0.02)
ZAR/AUD
11.68
(+1.08)
ZAR/JPY
0.14
(-0.27)
Gold
1739.90
(-1.72)
Silver
26.56
(-3.35)
Platinum
1181.50
(-2.75)
Brent Crude
66.03
(-0.11)
Palladium
2321.50
(-3.05)
All Share
66193.14
(-1.91)
Top 40
60807.00
(-2.02)
Financial 15
12196.78
(-1.12)
Industrial 25
86054.48
(-0.91)
Resource 10
67657.28
(-3.86)
All JSE data delayed by at least 15 minutes morningstar logo