Mboweni will have to make tough political choices in Budget 2019 - economist
Finance Minister Tito Mboweni is expected to deliver his much-anticipated annual budget speech in Parliament on Wednesday afternoon.
Economist Dr Iraj Abedian looks at what is to be expected when the finance minister presents his budget speech.
You and I as citizens, we don't know whether we are going to have electricity to our homes and businesses. Investors don't know what the long-term energy scenario is going to be and the headlines and noise in this regard doesn't help because it creates confusion.Dr Iraj Abedian, Chief economist - Pan African Investment
It is left to the minister to put some details on this very complex situation, as they say, lift the fog and create some clarity.Dr Iraj Abedian, Chief economist - Pan African Investment
Abedian says this is going to be the most difficult budget speech to deliver because "people are expecting the government to be kind and caring, but it is election time and the government has little space for electioneering type of spending."
On the revenue side, it is terribly constrained. As they say in economics, it has zero degrees of freedom, no room to manoeuvre, because the looting of the past decades has robbed the country to its knees and state-owned enterprises have been left with completely hollowed out balance sheets.Dr Iraj Abedian, Chief economist - Pan African Investment
I think this is going to be an incredibly difficult balancing act that the minister has to do. It is going to be a tough political choice.Dr Iraj Abedian, Chief economist - Pan African Investment
To hear the rest of the conversation, listen below:
Even though Section 27 has taken the department to court for pupils not being fed, the department says the scheme is working.Read More
Stakeholder and communications head Kaizer Kganyago unpacks how his unit will handle this investigation.Read More
The auditor-general says people need to act in curbing irregular expenditure shown in municipal audits.Read More
The Presidency says that it will be a public platform to address all the questions on issues and challenges currently facing society.Read More
Metrorail said the trial trips would stress-test operational plans which need to comply with COVID-19 regulations.Read More
Oxfam SA inequality programmes manager Dr Basani Baloyi says a there is a shortage of critical medical supplies and understaffing.Read More
MP Werner Horn, who's also the DA's Federal Legal Commission deputy chairperson, has been tasked with investigating the misconduct claims against Helen Zille.Read More
Statistician-General Risenga Maluleke says this data doesn't include post lockdown data of the economy's performance.Read More
The organisation's COO Benay Sager says people should avoid getting into debt as no one knows what the future holds.Read More
Politics of the left and right are failing argues Thomas Piketty in his latest New York Times Best Seller, "Capital and Ideology".Read More