Carol Paton Editor at large

Finance minister Tito Mboweni has done the right thing for the country in cutting spending to ultimately reduce debt, but in doing so he has set the stage for social conflict.

The R300bn in expenditure cuts over the next three years are substantial and will inflict pain all round. It will not be the end of it though, as large expenditure reductions are anticipated for the next five to six years if the government is to achieve the stabilisation of debt by its new deadline of 2025/2026...

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