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THE RIGHT ROAD

19th October 2018

By: Darlene Creamer

     

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South Africa’s superconfident new Finance Minister, Tito Mboweni, is unlikely to be intimidated by the prospect of having to present a Medium-Term Budget Policy Statement less than a month into the job. Nevertheless, he will be expected to demonstrate clearly how he plans to remain on the road to fiscal consolidation, while still supporting President Cyril Ramaphosa’s Economic Stimulus and Recovery Plan, which includes a proposed R50-billion reprioritisation of Budget expenditure. It’s a tall order, even for Tito!

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