Tuesday 20 November 2018
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dailymaverick - 27 days ago

MEDIUM-TERM BUDGET POLICY STATEMENT: Tito’s Budget under scrutiny: Business seems upbeat, as does the ANC, but opposition and Cosatu take issue

Finance Minister Tito Mboweni didn’t mince his words delivering his maiden Medium-Term Budget Policy Statement: a low-growth economy meant less tax revenue and lower spending – and the balance sheet needed to be recalibrated with increasingly important partnerships with private business. Reaction to Wednesday’s announcement acknowledged the tough economic times, but while business seemed upbeat, political parties and trade unions took issue.

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