Mini Budget Speech, Massive Doom & Gloom
Minister Finance Tito Mboweni is to be credited for delivering overdue honesty regarding the state of South Africa’s economy. He did so during the medium term budget speech, what some call the mini-budget. It’s also good news that the National Prosecuting Authority’s budget is going to radically increase. But positivity dies there, overwhelmed by a storm we have little chance of clearing. BUDGET INTENTIONS The intended unbundling of Eskom, and SAA partnership with private companies, will be stopped by unions. The R59-billion Eskom bailout Eskom just received is harsh fact … Read the full article…