Tito Mboweni’s Covid-19 briefing thin on funding detail
The briefing was eagerly awaited by the public and the market since President Cyril Ramaphosa’s announcement of the package on Tuesday
Finance minister Tito Mboweni provided no new details on how the government plans to fund the R500bn economic and social support package aimed at mitigating the damage of the Covid-19 crisis, when he briefed journalists on Friday.
The briefing was eagerly awaited by the public and by the market since the announcement of the package on Tuesday by President Cyril Ramaphosa. In particular, there is much interest on the extent to which SA will draw on funding from international finance institutions and whether government intends to increase its bond issuance over 2020...