Finance Minister Tito Mboweni said in his Medium-Term Budget Policy Statement in Parliament on Wednesday, that the number of public servants earning R1 million a year has doubled in the last three years.
Finance Minister Tito Mboweni will have to race against time to implement government’s reforms in order to avoid a sovereign credit rating downgrade from ratings agency Moody’s.
Dominating business news this week was Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement, and Public Enterprises Minister Pravin Gordhan’s Special Paper on Eskom.
COPE leader Mosiuoa Lekota says the government is making a fatal mistake by continuing to bail out state-owned enterprises.
Energy analyst Chris Yelland, has called on Finance Minister Tito Mboweni to provide clarity on the way forward with Eskom to allay fears from lenders over the future of the power utility.
Wednesday’s Medium-Term Budget Policy Statement is expected to lay bare the country’s economic woes.
The Parliamentary Budget Office estimates that 2019’s revenue shortfall will amount to R48,9 billion – the worst in the past five years.
The FF Plus says Finance Minister Tito Mboweni must take unpopular decisions on State-Owned-Enterprises when he delivers his Medium-Term Budget Policy Statement on Wednesday.
Cosatu has called on Finance Minister Tito Mboweni to present what it calls a serious Medium-Term Budget Policy Statement (MTBPS).