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

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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...

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