LUKANYO MNYANDA: Inertia on debt could eventually put Reserve Bank in a tight spot
Too many vested interests don't see any urgency in closing the mouth of the hippopotamus
28 June 2020 - 19:32
The budget unveiled by finance minister Tito Mboweni on Wednesday was similar to his previous ones in that it read more like a campaign document than a firm policy prescription. No wonder the ratings companies are not impressed.
There’s no doubting the minister’s good intention. The lack of credibility derives from the final decisions not being up to the Treasury, and it having a mountain to climb as far as getting the rest of the government to buy into its vision. There are too many vested interests who don’t see any urgency to, in Mboweni’s words, “close the mouth of the hippopotamus”...
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.