Former minister Tito Mboweni says economic growth will remain stagnant if government does not focus more on investment instead of social grants. File photo.Former finance minister and former governor of the SA Reserve Bank Tito Mboweni says fixing the country’s economy requires rebuilding infrastructure, not basic income grants.
He said economic growth will remain stagnant if government does not focus more on investment instead of social grants.
Source: News Formal (newsformal.com)
It will certainly improve it. It's startup capital and money for consumers to spend at startups.
Grants are going to become a fully grown monster. This baby monster is the one that is going to cause the final downfall of the ANC. Let's watch the space in a few year's time
I really wonder why is it easy to disagree when out of the ' comrade delegation' than in government.
The purpose of the basic income grant is POVERTY ALLEVIATION, no one has ever said its an economic stimulus or is meant to fix the economy. 😁
Abo Tito have so much to say when they are out of power,but once they are given power to change something they don't use it,his actually annoying.
He was waiting to leave his cabinet post to say such, this guy makes noise like he was not the Finance Minister with powers to solve & implement what he complains about
Tito is a sellout
Okay, since Tito Mboweni is a knower, I ah e two questions for him, 1. What will help fix SA economy? 2. Why didn't he implement it while he was in parliament? This is irritating, really.
Mbatha10 Voetsek
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