Photo: GCIS / Flickr
The mid-term Budget Speech kicks off at 14:00 on Wednesday – here’s a brief preview of what Tito Mboweni has in store for South Africa.
Photo: GCIS / Flickr
Finance Minister Tito Mboweni has yet another grim task facing him on Wednesday. During his two-year stint with the Treasury, the 61-year-old has had to fight with multiple recessions, the aftershocks of state capture, and the devastation wreaked by the coronavirus pandemic. His mid-term Budget Speech has the potential to be brutal.
Funds are likely to be slashed, certain taxes are facing an increase, and economic projections are likely to ensure that anyone tuning into these proceedings will have to watch most of the broadcast from behind the sofa.
However, despite the difficult decisions which lie ahead, there may also be some small slices of optimism we can cling to. As Tito Mboweni brings forth his Aloe Ferox for yet another occassion, we’ve got a brief summary of what’s on the cards.