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Tripartite alliance’s conflicts could stunt economic recovery – analysts

Business Insight 2 weeks ago

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.


26 Jun 2020
PREMIUM!
Tripartite alliance’s conflicts could stunt economic recovery – analysts

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...

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