20°C / 22°C
  • Fri
  • 21°C
  • 10°C
  • Sat
  • 20°C
  • 8°C
  • Sun
  • 20°C
  • 6°C
  • Mon
  • 20°C
  • 8°C
  • Tue
  • 20°C
  • 7°C
  • Wed
  • 16°C
  • 7°C
  • Fri
  • 19°C
  • 11°C
  • Sat
  • 26°C
  • 11°C
  • Sun
  • 25°C
  • 15°C
  • Mon
  • 16°C
  • 12°C
  • Tue
  • 19°C
  • 10°C
  • Wed
  • 21°C
  • 8°C
  • Fri
  • 22°C
  • 11°C
  • Sat
  • 21°C
  • 10°C
  • Sun
  • 22°C
  • 9°C
  • Mon
  • 21°C
  • 8°C
  • Tue
  • 21°C
  • 8°C
  • Wed
  • 19°C
  • 9°C
  • Fri
  • 23°C
  • 8°C
  • Sat
  • 22°C
  • 7°C
  • Sun
  • 22°C
  • 6°C
  • Mon
  • 21°C
  • 6°C
  • Tue
  • 21°C
  • 7°C
  • Wed
  • 19°C
  • 7°C
  • Fri
  • 24°C
  • 17°C
  • Sat
  • 24°C
  • 16°C
  • Sun
  • 24°C
  • 15°C
  • Mon
  • 24°C
  • 14°C
  • Tue
  • 20°C
  • 16°C
  • Wed
  • 20°C
  • 15°C
  • Fri
  • 18°C
  • 7°C
  • Sat
  • 19°C
  • 9°C
  • Sun
  • 30°C
  • 20°C
  • Mon
  • 18°C
  • 14°C
  • Tue
  • 16°C
  • 12°C
  • Wed
  • 19°C
  • 9°C
  • Fri
  • 24°C
  • 7°C
  • Sat
  • 28°C
  • 13°C
  • Sun
  • 27°C
  • 13°C
  • Mon
  • 15°C
  • 7°C
  • Tue
  • 18°C
  • 7°C
  • Wed
  • 22°C
  • 7°C
  • Fri
  • 20°C
  • 11°C
  • Sat
  • 24°C
  • 15°C
  • Sun
  • 26°C
  • 14°C
  • Mon
  • 15°C
  • 11°C
  • Tue
  • 17°C
  • 11°C
  • Wed
  • 19°C
  • 10°C
  • Fri
  • 23°C
  • 10°C
  • Sat
  • 22°C
  • 9°C
  • Sun
  • 22°C
  • 9°C
  • Mon
  • 22°C
  • 8°C
  • Tue
  • 22°C
  • 8°C
  • Wed
  • 20°C
  • 8°C
  • Fri
  • 22°C
  • 6°C
  • Sat
  • 21°C
  • 8°C
  • Sun
  • 21°C
  • 6°C
  • Mon
  • 20°C
  • 6°C
  • Tue
  • 17°C
  • 7°C
  • Wed
  • 18°C
  • 6°C
  • Fri
  • 22°C
  • 13°C
  • Sat
  • 21°C
  • 10°C
  • Sun
  • 20°C
  • 8°C
  • Mon
  • 21°C
  • 7°C
  • Tue
  • 20°C
  • 8°C
  • Wed
  • 19°C
  • 8°C
  • Fri
  • 18°C
  • 8°C
  • Sat
  • 23°C
  • 11°C
  • Sun
  • 29°C
  • 16°C
  • Mon
  • 17°C
  • 11°C
  • Tue
  • 14°C
  • 9°C
  • Wed
  • 19°C
  • 7°C

Budget speech does little to address economic challenges - opposition

Democratic Alliance leader Mmusi Maimane says Finance Minister Tito Mboweni offered no tangible plans.

DA Leader Mmusi Maimane addresses the media on the steps of the National Assembly following the delivery of the 2019 Budget speech. Picture: Cindy Archillies/EWN.

CAPE TOWN - Opposition parties say Finance Minister Tito Mboweni’s Budget speech has not done enough to address the country’s economic challenges.

Members of Parliament (MPs) were reacting to Mboweni’s maiden Budget speech, which focused on renewal, increasing tax collection, achieving higher economic growth and reconfiguring state-owned enterprises.

WATCH: 'Extremely flat & no plan on SOEs' – MPs slam Mboweni’s Budget speech

But Democratic Alliance leader Mmusi Maimane says Mboweni offered no tangible plans.

“That was probably the most disappointing budget I’ve seen. It had no economic plan. It spoke and mixed its words around Eskom but no deliberate action on what changes we going to bring, instead of a bailout of R23 billion. He did not reduce the Value Added Tax to 14% or introduce sovereign fund. It’s clear that the minister doesn’t know how to take South Africa out of these difficult challenges."

National Freedom Party MP Nhlanhla Khubisa says: “We’re not satisfied. The speech was very scant on job creation. Also, pumping money into SOEs that are not performing is not good at all.”

A look a the big numbers coming out of the 2019 Budget speech.

To read Minister Tito Mboweni’s full Budget speech, click here.

(Edited by Zamangwane Shange)

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus