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Mboweni may be preparing himself for bunfight at two big ANC events - economist

10 January 2020 2:47 PM
Tags:
finance minister tito mboweni

Econometrix chief economist Dr Azar Jammine gives his take on Finance Minister Tito Mboweni's economic reform views.

Finance Minister Tito Mboweni has warned of dire consequences if there are no "deep economic reforms", saying failure to implement any changes could lead to junk status.

In a series of tweets on Friday morning Mboweni had this to say:

Econometrix chief economist Dr Azar Jammine says Mboweni may be preparing himself for a bunfight at the African National Congress (ANC) birthday celebrations and again at the national general council meeting later this year.

Essentially, National Treasury has put forward a plan on how to get us out of our economic mess but that plan is receiving a lot of opposition from within the ANC, from ideological opponents but probably also political opponents of President Ramaphosa and his team.

Dr Azar Jammine, Chief economist - Econometrix

Jammine says if the economy is not transformed appropriately then the country will have no alternative but to slide into a long-term recession.

Our fiscal situation will deteriorate further and further.

Dr Azar Jammine, Chief economist - Econometrix

Click on the link below to hear more...


10 January 2020 2:47 PM
Tags:
finance minister tito mboweni

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