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.