Tito Mboweni's plan to save the South African economy

[rpm]

Here it is – The plan to save the South African economy

Finance Minister Tito Mboweni has detailed government’s strategy to save South Africa’s economy and avoid a sovereign debt crisis.

He explained in his Medium Term Budget Speech that the economy is predicted to decline by 7.8% this year.

Mboweni put forward a five-year fiscal consolidation plan that he said promotes economic growth bring South Africa’s ballooning debt under control.

 

[GhostSixFour]

I got a serious feeling of Deja Moo.

The feeling that you've heard this BS before.

 

[daveza]

Just another 10 billion ..... hope they all rot.

 

[DreamKing]

plan? what plan?

 

[SoldierMan]

I got a serious feeling of Deja Moo.

The feeling that you've heard this BS before.

Read it and tell me what's up, not too keen to read the whole thing

 

[DreamKing]

one of his "plans"

Government moves ahead with major ‘transformation’ law for South Africa – how it will work

https://businesstech.co.za/news/business/444136/government-moves-ahead-with-major-transformation-law-for-south-africa-how-it-will-work/

 

[daveza]

Public sector wage freeze mooted for the next three years

Finance minister Tito Mboweni has proposed a public sector "wage freeze" for the next three years, in a move that's likely to spark a new political battle between him and trade unions.

www.timeslive.co.za

Cue another year of Cosatu marching, burning and looting.

 

[Currantly]

Mboweni seems like a half decent guy, but frankly I don't think he stands a chance of turning this ship around against the will of his party...

 

[Paul_S]

Read it and tell me what's up, not too keen to read the whole thing

SAA bailout of R10.5 billion
Land Bank bailout of R7 billion
Blah blah ...
We're going to miss that 84% debt to GDP ratio target and will rather aim for 95.3% debt to GDP (R5.5 trillion debt).
Blah .. blah ...

 

[mister]

I got a serious feeling of Deja Moo.

The feeling that you've heard this BS before.

Deja Poo

 

[Sarg3_ZN]

Why is it always a 5 year plan, why not set goals for the next three months and meet them.
You know something easy like cut 10% of the bloat in all SOE's and government departments (local, provincial and nantional). Then three months later set new goals meet those and then carry on like that

 

[GreatWmR]

 

[surface]

Didn't read anything after "SAA bailout of R10.5 billion ". On SAA, these idiots are never going to learn.

 

[daveza]

Didn't read anything after "SAA bailout of R10.5 billion ". On SAA, these idiots are never going to learn.

But nothing for SABC or Denel - expect tears.

 

[lexity]

What if the only way to save the economy was to flick a switch that made individuals responsible for their decisions?

I.e. when it goes right you win, 100%, when it goes wrong you lose.... to the extent you didn't insure yourself.

Talk about the incentive to pay attention... to make sure it doesn't go wrong.

Oh... but... forced subsidies.... ooh yes... I forgot about that thing.

 

[daveza]

And that 10 billion will be taken from other existing departments , police and health among them.

 

[Matt91]

Public sector wage freeze mooted for the next three years

Finance minister Tito Mboweni has proposed a public sector "wage freeze" for the next three years, in a move that's likely to spark a new political battle between him and trade unions.

www.timeslive.co.za

Cue another year of Cosatu marching, burning and looting.

I came here to say this.

 

[Quicks]

WoW shutting down corruption but giving SAA another 10.5 Billion Rand bailout just do not make any sense. Next year this time they will need another bailouts.

 

[DreamKing]

Why is it always a 5 year plan, why not set goals for the next three months and meet them.
You know something easy like cut 10% of the bloat in all SOE's and government departments (local, provincial and nantional). Then three months later set new goals meet those and then carry on like that

communist term.

 

[CT_Biker]

Who the **** is putting up the security for the 'lowered borrowing costs'??