Tag: Tito Mboweni
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South Africa’s latest finance minister walks budget tightrope to fix ailing economy
JOHANNESBURG- South Africa’s new finance minister will target spending on agriculture, infrastructure and job creation projects in his inaugural budget speech on Wednesday in a bid to haul the economy out of a recession.
Mboweni in spotlight as tension with Cosatu threatens to build
Tensions between Mboweni and Cosatu are ‘nothing new’ when it comes to differing on fiscal policy, says analyst Ralph Mathekga.Remarks by Finance Minister Tito Mboweni regarding South Africa’s ballooning public wage bill were correct, but any moves towards cutting down the public service could bring the ANC-led government into a collision course with labour, political analyst Ralph Mathekga warned yesterday.
No easing in as Ramaphosa gives Mboweni one night to prepare for his first cabinet meeting
"Get ready for your first cabinet meeting tomorrow."This is how President Cyril Ramaphosa welcomed his new finance minister to the crucial position on Tuesday‚ moments after Tito Mboweni‚ a former South African Reserve Bank governor‚ took his oath of office.
Tito Mboweni: I think the president has just taken away my freedom
"I think the president has just taken away my freedom," Tito Mboweni said. President Cyril Ramaphosa on Tuesday appointed Mboweni, a former Reserve Bank governor and labour minister, as finance minister, replacing Nhlanhla Nene who admitted to having meetings with the Gupta family, who are at the centre of alleged corruption.
Ramaphosa announces Tito Mboweni as new finance minister
The decision was widely expected after reports that the president may already have been shopping around for a replacement on Monday.
