Tito Mboweni's plan to save the South African economy

rpm

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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.
 

Sarg3_ZN

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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

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lexity

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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

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

DreamKing

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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

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