Tito Mboweni’s luck may turn if revised budget is not ‘ideology as usual’
Economic steermanship is needed to ensure that SA is put on realistic path to avoid a sovereign debt crisis
21 June 2020 - 18:28
Napoleon used to ask of a man: “Has he luck?” Ability, experience, integrity and credibility are important, but without luck these are useless, he said. As an esteemed former central banker, finance minister Tito Mboweni has brought all these attributes to bear at the National Treasury.
When he delivered his 2020 budget speech in February Mboweni hoped that fiscal consolidation, combined with the implementation of the Treasury’s growth strategy, might just turn the economy around and prevent a downgrade to universal “junk status”...
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