EDITOR’S LUNCHBOX: SA is so very taxed with so little to show for it
SA is set to spend about R1bn a day on interest payments, Tito Mboweni says, and Eskom's revolving door keeps on spinning and costing
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Eskom has had 12 CEOs, six chairs, 60 directors and 30 executives over the past decade, at a cost of R514m in salaries and bonuses.
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“No budget speech will tell you that South African citizens are among the most taxed in the world. Telling people how much they pay for the little they get is not a known political point-scoring trick,” writes economists.co.za founder Mike Schussler.
Finance minister Tito Mboweni’s budget speech was full of biblical quotes, which was oddly appropriate, writes Tim Cohen.
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The growth of Sibanye-Stillwater's US palladium division failed to outweigh losses from its strike-hit SA gold mines.
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SA is scheduled to spend about R1bn a day on interest payments and the projected budget deficit for the year means the country will have to borrow about R1.2bn a day, finance minister Tito Mboweni said.