‘It’s not a very bad budget, given the circumstances’ – Julius Malema

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‘It’s not a very bad budget, given the circumstances’ – Julius Malema

EFF CIC Julius Malema briefs media at the EFF Headquarters in Braamfontein, 5 September 2019. Picture: Neil McCartney

The leader of the red berets was an unlikely source of support for the Finance Minister. Malema gave his opinions on a few of the budget’s sticky points right after Mboweni’s speech.

Finance Minister Tito Mboweni’s budget speech received positive feedback from an unlikely quarter when Economic Freedom Fighters (EFF) leader Julius Malema welcomed key aspects of it, including the hot-potato sovereign wealth fund the firebrand leader previously opposed. Malema, speaking in an interview in parliament, gave Mboweni the benefit of doubt, citing the fact that the minister did not have much room to manoeuvre as the current economic conditions were unfavourable. “We welcome the budget, we know the conditions are not favourable and we find ourselves in a very tight situation. “We welcome particularly the establishment of the state-owned bank and...



 


 

 

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