Budget doesn t support economic growth, says PBO The PBO’s Seeraj Mohamed said that the spending cuts the government was planning over the next three years did not – as Treasury has argued - strike a balance between immediate support for the economy and shoring up the country’s public finances. FILE: Finance Minister Tito Mboweni delivers his Medium-Term Budget Policy Speech in Parliament on 28 October 2020 in Cape Town. Picture: GCIS.
38 days ago
CAPE TOWN - The Parliamentary Budget Office said that the Budget unveiled by Finance Minister Tito Mboweni last week did not support economic growth, nor the recovery and reconstruction of the economy.
A beloved great-grandmother lay in a morgue for 10 days before her aged care facility told her family she was dead.
Joyce Savage died on February 14 in Sir Charles Gairdner Hospital in Perth, the day after she was admitted by staff at her aged care facility, where she lived for five years, for continuous vomiting.
The 89-year-old dementia sufferer s daughter Kaye Davis was not told her mother had died until February 23, when Acacia Living Group s Menora Gardens called to ask her to collect her things.
She claimed someone from the facility asked on the phone: Did you know your mother died?
Slow vaccine rollout could hamper SA’s economic recovery – Treasury Finance Minister Tito Mboweni and Treasury officials have been briefing Parliament s finance and appropriations committee on the 2021 budget on Thursday. President Cyril Ramaphosa and Finance Minister Tito Mboweni in Parliament for the Budget speech on 24 February 2021. Picture: GCIS.
43 days ago
CAPE TOWN - Treasury said the most significant threat facing this country s economic recovery was a slow rollout of the COVID-19 vaccine.
Finance Minister Tito Mboweni and Treasury officials have been briefing Parliament s finance and appropriations committee on the 2021 Budget on Thursday.
Treasury has allocated R9 billion over the next three years for the vaccination campaign but a further R9 billion could be drawn from the contingency reserve if needed.
Treasury has stressed the importance of a smooth vaccine roll-out, with no stops and starts to break the cycle of a surge in infections and lockdowns to curb them.
Mboweni walks the talk on pledge to halt bailouts to troubled SOEs While South African Airways (SAA) will this year get R4.3 billion and Eskom more than R31 billion, this was money that was allocated in previous budgets and cannot be classified as new bailouts. Finance Minister Tito Mboweni delivers his Budget speech in Parliament on 24 February 2021. Picture: GCIS.
49 days ago
CAPE TOWN – Finance Minister Tito Mboweni walked the talk on his pledge to stop bailouts for state-owned entities (SOE).
In his 2021 budget unveiled on Wednesday, the embattled Land Bank was the only SOE to get a financial lifeline, amounting to R7 billion over the next three years.