There is a line in Finance Minister Tito Mboweni’s brutally honest 2019 Budget Speech that I can’t get out of my head. “We are borrowing R1.2bn a day.” Read that again. Let it sink in. If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more. Some perspective: R1.2bn is..
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Mboweni’s truths: We are bankrupt and people will lose their jobs – If you ever doubted that South Africa’s economy was in deep, deep trouble, doubt no more
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The poor in SA are set to suffer after latest budget speech
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Increases in fuel and in basic food prices will affect the poor most as a consequence of poor management over the last 9 years, the opposition leader says.
The poor are set to suffer due to the poor management of the country’s fiscus over the past nine years under former president Jacob Zuma, Democratic Alliance leader Mmusi Maimane has said.
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Motion of no confidence in Zuma scheduled for February 22
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The Economic Freedom Fighters’ request for a motion of no confidence in President Jacob Zuma has been scheduled for February 22, a day after the budget speech.
Parliament’s presiding officers on Thursday said they had rejected the EFF’s request to hold the motion before next week’s State of the Nation Address (SONA).
This year’s SONA will go ahead as planned next week, irrespective of who is president of the country, they said.
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Minister Faith Muthambi flies 30 family members at taxpayers’ expense
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Disgraced minister Faith Muthambi treated family and friends to a luxury junket at huge expense to the taxpayer just two months after being moved to a new ministry. Muthambi flew 30 members of her family and friends to Cape Town for her budget speech in parliament in May. The minister was shunted to the public..
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