On Wednesday, it will be exactly 20 months since Tito Mboweni, having made a dramatic return to the cabinet a few days earlier, after Nhlanhla Nene relinquished his post, gave his first midterm budget policy statement. In his wildest dreams, he couldn't have predicted how he would be marking the occasion.

If the finance minister’s subsequent statements are to be believed, he has always been a reluctant holder of this particular office, having felt he had no choice but to give up lucrative private-sector positions after President Cyril Ramaphosa made the call...

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