The Minister of Finance, Tito Mboweni, says cabinet is considering a proposal to end the issuing of guarantees for operational purposes at state-owned entities.
The Minister of Finance, Tito Mboweni, says they will hold discussions with the South African Broadcasting Corporation (SABC) on how to rationalise the structure of the public broadcaster.
The Rand is trading under 14 to the dollar on the back of Finance Minister Tito Mboweni’s announcement that government would not carry Eskom’s debt.
The annual budget South Africa unveiled on Wednesday highlighted its limited fiscal flexibility in a challenging economic environment, rating agency Moody’s said.
Public protector Busisiwe Mkhwebane has slammed back at Minister of Finance Tito Mboweni, saying in a statement that the finance minister was “trivialising the serious matter of dishonesty”.