EDITORIAL: Tito Mboweni cannot afford a hollow hallelujah
Finance minister raring to go, but energy minister and regulator are slow-walking desperately needed new energy sources
When finance minister Tito Mboweni informed President Cyril Ramaphosa last Friday that SA government debt would be junked by Moody’s Investors Service, the president is said to have urged Mboweni to accelerate structural reforms of the economy. Mboweni said that he responded: “Hallelujah!”
But unless the government takes more seriously the task to unblock the energy logjam, all hallelujahs will be premature. ..