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MTBPS: Tito Mboweni faces a stagnating, unemployed nation drowning in Eskom debt

30 October 2019 8:55 AM
Tags:
Eskom
Economy
The Money Show
Standard Bank
Bruce Whitfield
Debt
Peter Attard Montalto
Goolam Ballim
Intellidex
economist
MTBPS
mini budget
Medium-Term Budget Policy Statement
Tendani Mantshimuli
Liberty SA Retail
Goolam Ballim (Standard Bank), Tendani Mantshimuli (Liberty SA Retail) and Peter Attard Montalto (Intellidex) on what to expect.

All eyes – especially those of rating agencies - will be on Finance Minister Tito Mboweni on Wednesday (from 2:00 pm) when he delivers his Medium-Term Budget Policy Statement (MTBPS).

He will deliver his speech in the context of weak growth, soaring government debt and unemployment at an 11-year high.

Analysts expect Mboweni to release a final version of National Treasury’s economic growth plan.

Despite the plan being widely lauded as “pragmatic, implementable, coherent and evidence-based”, unions called it “incoherent, confused and unreliable”.

FILE: Minister of Finance Tito Mboweni at Parliament in Cape Town. Picture: GCIS

The Money Show’s Bruce Whitfield interviewed Goolam Ballim (Group Chief Economist at Standard Bank), Tendani Mantshimuli (Consumer Economist at Liberty SA Retail) and Peter Attard Montalto (Head of Capital Markets Research at Intellidex).

Whitfield asked them what to expect and look out for in this year's "mini-budget".

Listen to the interviews in the audio below.

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30 October 2019 8:55 AM
Tags:
Eskom
Economy
The Money Show
Standard Bank
Bruce Whitfield
Debt
Peter Attard Montalto
Goolam Ballim
Intellidex
economist
MTBPS
mini budget
Medium-Term Budget Policy Statement
Tendani Mantshimuli
Liberty SA Retail

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