Mboweni's

Finance minister Tito Mboweni at the press conference before he delivered his 2019 budget speech (Gallo Images, Brenton Geach) Minister Mboweni does not have much room to move within his emergency budget.However, the country should be applauded for responding to this economic shock with a set of unmatched measures.The South African government has already considered…

Finance Minister Tito Mboweni says South Africa is on the brink of a sovereign debt crisis (Gallo Images, Brenton Geach) South Africa's debt levels are breaking historical records.Director-General Dondo Mogajane said that debt levels risked breaching the 100% mark in 2023/24 if no changes were made.A zero-based budget will help government contain spending, but it…

Finance Minister Tito Mboweni will deliver a special adjustment budget on Wednesday, the first of its kind in at least 27 years, after the coronavirus and measures to curb its spread wreaked havoc on the economy and state finances.The following charts show just how tough a task Mboweni faces in reviving the economy and getting…

The Covid-19 pandemic has brought about an unprecedented turn of events, exposing inequalities and poverty prevailing in society, as well as the structural weaknesses in the SA economy. This grim reality warranted that government put together a R500 billion stimulus package to cushion the blows of the pandemic on consumers and businesses who have been…

DA spokesperson on finance Geordin Hill-Lewis. Minister of Finance Tito Mboweni delivers an adjustment budget in response to the Covid-19 pandemic on Wednesday. Opposition party the DA says low economic growth and high debt have impacted on SA's ability to save in times of plenty, and to spend in a time of crisis.It requires a "resilience budget"…