Open your brain first before opening your mouth, says Mboweni to Masina
The finance minister believes the mayor was commenting on topics he has no in-depth knowledge of.
Following a 702 headline stating that finance minister Tito Mboweni is set to introduce a bill paving the way for the creation of a state-owned bank in competition with private sector retail and commercial banks, Mboweni and the executive mayor of the city of Ekurhuleni, Mzwandile Masina, got into a heated debate over nationalisation.
#TitoMboweni to introduce a Bill paving the way for the creation of a state-owned bank in competition with private sector retail and commercial banks.
(Amendments will allow #PostBank and the #LandBank to operate as fully-fledged banks.) https://t.co/eRJoG2Yyga #TheMoneyShow
— 702 (@Radio702) January 16, 2019
The ANC Ekurhuleni regional chairperson followed up his retweet of the article with a comment on the idea of nationalising the Reserve Bank (SARB) and the bank’s governor, Lesetja Kganyago, who has been a vocal opponent of the calls for the SARB to be nationalised.
So if it means we must change the constitution to Nationalize SARB, what is the problem? I thought ANC Policy resolutions does not need interpretation. I’m wondering why this Governor think he is bigger then the party that deployed him.
— Mzwandile Masina (@mzwandileMasina) January 17, 2019
He went on to share an idiom with the mayor which he dubbed the Mboweni Idiom.
@mzwandileMasina : There is constant Mboweni Idiom when the Mboweni brothers and me get together. It says, Honorable Executive Mayor: Open your Brain first before opening your mouth! Remember that!!
— Tito Mboweni (@tito_mboweni) January 17, 2019
The social and political consequences of this type of practice was evident in the taxi strike against the 28% effective interest rate charged by financiers in the taxi recapitalisation programme. #mboweniIdiom
— Mzwandile Masina (@mzwandileMasina) January 18, 2019
Source: The Citizen
