Budget 2020

Budget 2020

OUR BURNING PLANET: #BUDGET2020: Mboweni big on organic manure, gets mixed reviews on addressing climate crisis

OUR BURNING PLANET: #BUDGET2020: Mboweni big on organic manure, gets mixed reviews on addressing climate crisis By Tiara Walters

27.2.2020

OUR BURNING PLANET: BUDGET2020: Mboweni big on organic manure, gets mixed reviews on addressing climate crisis By Tiara Walters

The 2020 Budget speech was something of a lame-duck on climate change mitigation policies, but it did show some positive signs from the African continent's biggest carbon culprit.

Saliem Fakir, head of the Policy and Futures Unit at the World Wide Fund for Nature in South Africa, WWF, noted that it was difficult to judge the Budget without the value of context.“In the past five years, the government’s ability to hone a coherent position around climate change has been on the decline. In fact, it’s been in tatters.”

She put on a bullish face: South Africa, she insisted, would “not shrink from its responsibility to address climate change”.Throwing down the gauntlet at the Department of Mineral Resources and Energy, she said that “More progressive notes from the Budget reaffirmed efforts to step up “bid window four of the renewable energy programme”. Boding well for clean-energy generation, he cited the “rapid decline in renewable energy prices” and that this would “give new momentum to bid window five”.

He said such a smart city was taking shape in Lanseria north of Johannesburg. It would house up to 500,000 people “within the next decade” and “be a leading benchmark for green infrastructure”.Commenting on Mboweni’s Budget, Mark Swilling, sustainability professor at

In general, he said, there was “nothing new. Most seriously of all, there’s no economic vision, which reflects the absence of a coherent macro-economic policy and theory.”Yet, he was upbeat about Creecy, whom he described as “a detail person”.Swilling noted that “the role of municipalities in renewable energy is good news. However, [Minister of Mineral Resources and Energy] Gwede Mantashe holds the key to those regulations and he is resistant.”

Given South Africa’s status as the most prolific carbon polluter on the continent, that is a big ask, and it will require political will to match the scale of the challenge.“The alternative is a solution to the energy crisis that generates massive new local and international investment in decarbonisation. That will trigger the largest industrialisation since 1994.”

Meanwhile, the City of Cape Town appears to be steaming ahead with its plans to mitigate the impact of Eskom’s rising tariffs, combat clean-energy poverty and bring the City in line with its climate responsibilities.Mboweni’s reaffirmation that municipalities “in good financial standing” would be allowed to procure electricity from independent power producers will do more than lighten Eskom’s woes. As Business Maverick



Read more: Daily Maverick

No salary hikes for MPs, judges as Tito Mboweni trims public service wage billPresident Cyril Ramaphosa's administration is headed for a bitter battle with public sector unions after finance minister Tito Mboweni announced plans to reduce the civil service wage bill by R160-billion in the next three years. Overpaid with packages anyway... He didnt trim it. He kept them the same. Big difference Now you just have to get rid of 25% of them!

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Budget 2020: Read Finance Minister Tito Mboweni's full speechThe full text of the speech prepared for delivery by Finance Minister Tito Mboweni during his second National Budget speech. Budget2020

LIVESTREAM: Mboweni delivers budget speech - The Mail & GuardianWatch: The finance minister delivers the budget less than two weeks after the president's state of the nation address

Sebono sa gage if he increases VAT and Personal Income Tax...Mmae sebono

Tito Mboweni’s full 2020 budget speechAll the details — from the economic context and strategy to tax adjustments At least this lot look a whole lot slimmer than the zuma lot did - perhaps we SAfricans won’t have to pick up their cardiovascular disease costs through too much drinking and overeating and partying and buggering the tax payer around !



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