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SOUTH AFRICA: Mboweni promises wage bill cuts, but can he deliver?

Teneo-Europe-Report

● The key concession to credit ratings agencies in Finance Minister Tito Mboweni’s 26 February budget presentation was his promise to reduce South Africa’s wage bill by ZAR 160.2bn over three years. ● However, it is not clear if the government can deliver and if the plan can b…   Become a member to read […]

SOUTH AFRICA: Mboweni’s do-or-die budget

Teneo-Europe-Report

● Expectations ahead of the budget presentation on 26 February are largely pessimistic in the context of deteriorating economic growth and skyrocketing public debt. ● Finance Minister Tito Mboweni will try – against all odds – to avert the loss of South Africa’s final investme…   Become a member to read the rest of this […]

SOUTH AFRICA: Davos talk vs ANC politics

Teneo-Europe-Report

Finance Minister Tito Mboweni will fly South Africa’s reform flag at the World Economic Forum (WEF) next week, though his refreshing policy views will rightfully be seen as those of a lone voice within a divided ruling party. Indeed, while the minister will pledge at Davos that t…   Become a member to read the […]