LETTER: Not all doom and gloom
Finance minister Tito Mboweni is tackling major challenges rather than sweeping them under the carpet
The minister of finance’s budget speech is not all doom and gloom. Yes, times are hard economically in SA and a lot of money has been wasted unnecessarily by the government. The past nine years have been extremely hard and rectifying economic mistakes will take time. We as a country need to be more positive and look on the brighter side of things. We have come a long way as a democratic state and a lot of positive changes have also been implemented. In his speech, Tito Mboweni showed he is grabbing the bull by its horns and addressing major challenges rather than scooping them under the carpet. SA is bailing out a lot of state-owned entities (SOEs); the minister wants to look at ditching those, which in the long run will cut down on the amount of money spent in “rescuing” them. The government is not a profit-run organisation, so it needs to look at ways to generate income and profits through SOEs. If that cannot happen, then one needs to look at ways of improving the situation that ...
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