Tito Mboweni planning to unveil 2020 budget on February 26

Minister of Finance Tito Mboweni at medium-term budget policy statement in the National Assembly, Parliament. Date: October 30, 2019. Picture: ESA ALEXANDER/SUNDAY TIMES

Finance minister Tito Mboweni, who is in a desperate race to win political support for economic reforms that may stave off a ratings downgrade from Moody’s Investors Service, has said he is likely to unveil his budget in the last week of February. The government has set aside February 26 for the budget, Mboweni said in a press conference ahead of his trip to Davos, Switzerland where, he plans to emphasise SA’s commitment to fix its finances and stabilise state-owned enterprises to foreign investors.The date is just less than a week later than in 2019, when he delivered his inaugural budget on February 20.

The public-sector wage bill “is a huge threat” to the country’s fiscal position and “we have to find a solution before the February budget”, Mboweni said, adding that, “Never-ending demands from SOEs” are a clear threat.

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ANC resolution to nationalise Reserve Bank a 'mistake': Tito MboweniFinance minister Tito Mboweni believes the ANC's resolution to nationalise the Reserve Bank was a mistake. Pity tito_mboweni can’t become president Knowing the ANC that resolution will not be implemented Who cares about what he thinks we are going to nationalise everything nothing will be privatise for greed. White capitalism will kill us all it must be stopped
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