Mboweni has little wiggle room for wrangling our fiscal fiasco
Raising VAT is politically expensive, cutting grants is socially disastrous, and defaulting on payments is economically unsound
24 February 2020 - 15:30
With SA’s fiscus in a truly perilous shape, finance minister Tito Mboweni’s 2020 budget is the most critical of SA’s democratic period.
Our moment of reckoning has arrived. Despite progress on institutional rehabilitation over the past year, SA faces daunting economic problems: stuttering economic growth, poor business and consumer confidence, rising unemployment, persistent power rationing, failing state-owned companies (SOCs), yawning budget deficits and mounting public indebtedness...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.