That screeching was Mboweni hitting the brakes on promises to cut spending

The finance minister has reneged on his commitment to cap debt at 87% of GDP within three years


Finance minister Tito Mboweni’s speeches are often so thin there seems little point in giving them.

For the latest — the medium-term budget policy statement — you wonder why he bothered to travel all the way from Magoebaskloof to Cape Town...

This article is reserved for HeraldLIVE subscribers.

A subscription gives you full digital access to all our content.

Already subscribed? Simply sign in below.

Already registered on DispatchLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.