ANDILE KHUMALO: 'Babysitter' threat to black talent
I wonder how much thought has gone into the requirement of the chief reorganisation officer
Between the Book of Zechariah, Charles Dickens and the Aloe ferox, we ended up with a budget speech full of parables, quotations and anecdotes but little on how we are going to get this economy back to where it needs to be. Like most people, I watched the speech with a tense feeling of expectation. After all, finance minister Tito Mboweni was under pressure to find more revenue, cut more operating costs, reduce the budget deficit and fix Eskom. He did, however, manage to come up with a way to cut some costs, although that depends on whether public servants will take his early retirement offer. He failed at getting any real additional income other than the bracket-creep income he will earn - which he only mentioned in passing in his speech. But the most important take-out from the budget speech was always going to be how we deal with Eskom. It is the single biggest threat to our economic recovery, and one that had to be addressed decisively. Mboweni did well to commit real funds to t...
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