Lukanyo Mnyanda Editor: Business Day

With finance minister Tito Mboweni’s latest medium-term budget policy statement a few days away, it is hard to shake the feeling that he possibly shouldn’t bother.

To get a sense of why, it might be worth going back more than two decades, when Trevor Manuel presented one of these for the first time and the rationale at the time. The conditions today could not be more different to 1997, when the then finance minister introduced medium-term budgeting to “make it possible to engage in a rational and focused process of resource allocation stretching beyond the immediate.”..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now