POLITICAL WEEK AHEAD
POLITICAL WEEK AHEAD: Digging into graft and governance at VBS and Sars continues
The national assembly will debate the looting at the mutual bank and executives from the tax agency will appear before the Nugent commission, writes Theto Mahlakoana
This week all eyes will be on newly appointed finance minister Tito Mboweni as he delivers his maiden medium-term budget policy statement, with a contracting economy stifled by persistent low growth. The speech, to be presented in parliament on Wednesday, is expected to highlight key government priorities and reveal the size of the government’s spending and allocations. On Sunday it was reported that Mboweni warned that the government could run out of money for basic services due to the public sector wage bill. He is likely to propose solutions to the bulging bill, which has been flagged as a risk for years. On Tuesday the national assembly and national council of provinces will hold debates on the collapse of VBS Mutual Bank on the back of the recently released report “The Great Bank Heist”, which was compiled by advocate Terry Motau.
The report was commissioned by the Reserve Bank in response to allegations of the looting of the bank, which received massive deposits from sev...
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