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Mboweni: SA’s structural economic reforms not similar to IMF loan conditions
The minister was speaking during a meeting of Parliament’s finance committees on Tuesday when he defended the decision to consider the IMF’s $4.2 billion loan facility for COVID-19 specific purposes.
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Mboweni: Economy must be re-opened urgently, but people's lives come first
The National Treasury and the South African Revenue Service briefed Parliament’s finance committees on their annual strategic plans and budgets.
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SA willing to sell 'poorly functioning' state-owned firms - Mboweni
The treasury sees gross domestic product slumping by nearly 6% in 2020, while tax receipts are expected to tumble by at least a third.
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Mboweni: I lost the debate on alcohol and cigarette sales
President Cyril Ramaphosa last week said cigarettes would be on sale from 1 May, but this was rolled back when COGTA Minister Nkosazana Dlamini-Zuma said the ban would remain in place.
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A new way for business: Mboweni says S.Africans must be prioritised for jobs
Finance Minister Tito Mboweni briefed the media on Friday about the multi-billion-rand relief measures aimed at getting the nation through the crisis.
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COVID-19: Mboweni says SA qualifies for $4.2 billion loan from IMF
The minister briefed reporters earlier on the R500 billion relief package, which would be used to circumvent the harsh impact of the pandemic.
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Mboweni: SA won't consider IMF's adjustment programme funding
The country's economy has been battling poor growth and with the effects of COVID-19, the situation appears to be direr.
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COVID-19: Prepare for deep recession as Treasury looks for funding - Mboweni
Finance Minister Tito Mboweni has made it clear that the outside funding would go towards fighting the pandemic and not funding any other state programme.
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SA should not approach IMF for help, ANC and allies say
Finance Minister Tito Mboweni said last month that South Africa would only approach the IMF or World Bank for help fighting the coronavirus 'if we run out of finance for health interventions'.
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Mboweni after Moody's downgrade: Govt committed to reforms
Moody's downgraded South Africa's sovereign credit rating to junk status, joining the other two major agencies.
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Mboweni: Treasury will redirect funds to deal with COVID-19
Finance Minister Tito Mboweni explained that along with the Health Department, Treasury is coordinating a working group to make necessary structural arrangements.
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Ramaphosa to face Cosatu today over plans to slash public wage bill
Finance Minister Tito Mboweni last week proposed that the public sector wage bill be slashed by R160 billion over the next three years.
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Moody’s raises concerns after Budget speech
It said risks remain skewed towards a higher debt path given challenges in increased spending and persistent risks to growth.
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Mboweni positive about upcoming Moody’s ratings review
Experts had long warned of a downgrade of South Africa’s sovereign outlook to junk status if there are no drastic economic reforms.
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JUDITH FEBRUARY: Tito Mboweni’s brave wager
Finance Minister Tito Mboweni is acutely aware of what needs to be done to repurpose the state, specifically National Treasury, for its democratic mandate, writes Judith February.
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Taxpayers breathe a little easier as Mboweni announces no major tax increases
Finance Minister Tito Mboweni said the tax break was one of the measures he hoped would jump-start the economy, but he had also warned that power cuts could stifle growth and that a stable electricity supply was the government’s most pressing priority.
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SA’s national debt is spiralling out of control, says DA’s Maynier
Reacting to Finance Minister Tito Mboweni’s 2020 budget speech, Western Cape MEC for Economic Opportunities and Finance David Maynier said SOEs again received bailouts despite not performing.
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Budget speech 2020: SA's health gets R200bn injection
This was announced by Finance Minister Tito Mboweni on Wednesday while tabling his R1.95 trillion budget in Parliament.
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Mboweni puts money back in taxpayers’ pockets
Taxpayers will get relief to the tune of around R2 billion because tax brackets will be adjusted to just above inflation.
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All the ups & downs of the Budget speech 2020
Finance Minister Tito Mboweni delivered the 2020 Budget Speech and it was a mix of good and bad news.
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SOEs to get R129 billion in bailouts over 3 years
A summary of bailouts of state-owned enterprises (SOEs) over the last 12 years shows how the government has allocated R162 billion to financially distressed SOES.
