TOBY SHAPSHAK: Tito to the rescue — kind of
The reaction to Mboweni’s growth plan shows that territorial infighting is still dominating government while the economy burns
South Africans can be forgiven for being confused by the release, and subsequent condemnation, of a broad-ranging policy document made available to the public by the National Treasury last week that lays out numerous ideas for resurrecting our stagnant economy.
I’ve always been a fan of Tito Mboweni and his take-no-prisoners attitude to getting things done. I’m saddened he no longer tweets his Lucky Star cooking show. He’s a no-nonsense guy who has served the country admirably as Reserve Bank governor and labour minister, and now in the economic hot seat at the finance ministry. If he says we can save 25% on telecoms costs in the next three years through the "release of spectrum" — and cites the research — I’m happy to believe him. He knows, unlike ANC destructor-general Ace Magashule, his comments affect the market.