Eric Naki
Political Editor
2 minute read
26 Jun 2020
5:10 am

Tripartite alliance’s conflicts could stunt economic recovery – analysts

Eric Naki

Finance Minister Tito Mboweni doesn't seem to have Ramaphosa's backing, and his decisions are being hampered because alliance partners are pulling in different directions, they say.

Finance Minister Tito Mboweni. Picture: Michel Bega

The conflict within the ANC tripartite alliance over economic policy could put the brakes on the economy recovering from the Covid-19 devastation, experts say. Participants in an online discussion, hosted by the think tank platform of the North West University Business School, were clear that Finance Minister Tito Mboweni’s decisions were hampered because alliance partners were pulling in different directions. Chief economist at Econometrix Azar Jammine was concerned that Mboweni had announced cutbacks in public expenditure without giving details. He said there was no promise of cutting the public wage bill due to fear of a backlash from public sector...