Shocking unemployment numbers, low growth and state-owned enterprises, billions of rand in debt. Finance Minister Tito Mboweni faces the tough task of balancing government’s books when he delivers his medium-term budget policy statement.
Analysts say Mboweni can win favour from ratings agencies and investors by converting aspirations into real strategy. Millions of jobless South Africans fail to find work in an anaemic economy in which business remains reluctant to invest and expand.
Economist Iraj Abedian wants investors to see a budget with more defined strategy and less aspiration.
“So the nine-point plan and the five-point plan, these are not plans they are aspirations,” Abedian said. Only if a target has timelines and deliverables that becomes a plan. So, a lot of castles have been built, the problem with our economy is that we don’t have a plan.
In other news – Sphelele Mzimela joins Uzalo
Rising starlet Sphelele Mzimela took to social media to express her excitement about joining the cast of popular SABC 1 drama series Uzalo.
She shot to prominence through her role as Kentucky on Mzansi Magic telenova Isibiya,her career stems from a decade ago, while singing and dancing at age 10 in Durban where she grow up. Read more
Source: eNCA
