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

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...


Recommended

by NEWSROOM AI
Read More
 Inquest into anti-apartheid activist Neil Aggett's death gets underway

Inquest into anti-apartheid activist Neil Aggett's death gets underway

Aggett, a doctor and trade unionist born on 6 October 1953, died in 1982 in police custody under mysterious circumstances.

'We can't tell if ARV thieves use or sell them to private doctors'

'We can't tell if ARV thieves use or sell them to private doctors'

Positive Action Campaign general secretary Sello Mokhalipi says government must be held accountable.

New movement will bring change - Maimane

New movement will bring change - Maimane

Activist Mmusi Maimane says the country needs an organisation that will hold public representatives accountable.

Wedding venue may face second case for discriminating against same-sex couples

Wedding venue may face second case for discriminating against same-sex couples

Owners of a Western Cape wedding venue Beloftebos have been accused of rejecting an enquiry from a same-sex couple.

Bacteria that killed 10 babies at Tembisa Hospital has been managed - MEC

Bacteria that killed 10 babies at Tembisa Hospital has been managed - MEC

Gauteng Health MEC Dr Bandile Masuku says outbreaks such as these are often linked to overcrowding in public hospitals.

Mpianzi family gives SAHRC green light to take on Parktown Boys' High

Mpianzi family gives SAHRC green light to take on Parktown Boys' High

Gauteng provincial manager Buang Jones says they met with the family on Monday morning and they will be representing them legally.

Popular articles
[LISTEN] Two men hilariously trying to give solutions to water crisis goes viral

[LISTEN] Two men hilariously trying to give solutions to water crisis goes viral

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Adorable video of dads joining daughters' ballet class goes viral

[WATCH] Adorable video of dads joining daughters' ballet class goes viral

Khabazela shares tweets and Facebook posts that have gone viral.