Budget Speech 2021: Public sector wage cuts in focus ahead of Mboweniâs speech
By Mwangi Githahu
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Cape Town - Whether or not Finance Minister Tito Mboweni will announce far-reaching public sector wage cuts is the main point ahead of his Budget speech, according to forecasts from economists, political analysts, unions, business and farmersâ groups.
Economist Dawie Roodt said: âMinister Mboweniâs Budget is not going to be a pretty picture, as the state is falling apart financially. He must cut spending on the public service wage bill or at least slow it down considerably, but will he be able to get away with this politically? That is the crux of the matter.
Mixed reaction to Durban hub port plans iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
First published in the Daily Maverick 168 weekly newspaper.
When the chopper landed on the helipad at former president Jacob Zuma’s Nkandla homestead two weeks ago, we, as a curious nation, wondered what could have necessitated the urgent meeting.
If the brief Twitter exchange between Zuma and his one-time protégé Julius Malema was anything to go by, the meeting seemed to have been organised in haste. Within a matter of two days, what many thought began on Twitter on a Wednesday led to an hour-long meeting between the two by the Friday.
It was a joyous reunion, by all accounts. Only we now know that the Twitter exchange was perhaps the coming-out party of the latest alliance of Zuma and Malema.
Looted SOE money will be found and used to benefit South Africans - Gordhan The minister said that well-operated and financially sound state-owned entities (SOEs) were crucial for infrastructure services like energy, transport and water – all necessary to grow the economy to serve all the country’s people. FILE: Public Enterprises Minister Pravin Gordhan. Picture: Abigail Javier/EWN
58 days ago
CAPE TOWN – Public Enterprises Minister Pravin Gordhan said that the money looted from state-owned enterprises during state capture would be found and used to the benefit of all South Africans.
He’s described SOEs as the “honey pots” of state capture, but said that there were plans to repurpose them.
Gordhan: State-owned entities will play key role in SA reform news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.