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Mboweni’s rocky road to economic reconstruction and recovery

Business Insight 3 months ago

“We already have too many plans, what we need is more implementation. More plans will not help and the president did refer in a recent speech to the need for implementation.” – Prof. Jannie Rossouw, interim head of the Wits Business School


14 Oct 2020
PREMIUM!
Mboweni’s rocky road to economic reconstruction and recovery

There are many expectations when pres. Cyril Ramaphosa presents the South African Economic Reconstruction and Recovery Plan in a joint hybrid sitting of parliament on Thursday afternoon. These extraordinary measures for a speedy and sustainable economic recovery will, however, leave a rocky road to navigate for finance minister Tito Mboweni in his Medium-Term Budget Policy Statement. Mboweni had asked on Wednesday that the Medium-Term Budget Policy Statement, or mini-budget, be delayed by a week, probably due to the reality of having to align the president’s address and the budget, says Annabel Bishop, chief economist at Investec. Prof. Jannie Rossouw, interim...

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