Rand, bonds and retailers leap after Mboweni’s budget speech
Finance minister Tito Mboweni has promised to slash spending while keeping taxes as low as possible
26 February 2020 - 14:40
The rand, government bonds and retail shares on the JSE all firmed on Wednesday afternoon after finance minister Tito Mboweni promised to slash the public-sector wage bill.
In what it described as “a major step towards fiscal sustainability”, the government proposed cutting expenditure over the next three years by R156.1bn compared with its 2019 projections...
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