Tito Mboweni

South Africa's Repo rate slashed by 1%

In an attempt to offset the economic damage from the Covid-19, South Africa’s repo rate has been slashed by 100 basis points or 1% bringing the repo rate down to 4.25% on Tuesday morning.

Moody's downgrades South Africa's credit rating to junk

Moody's Investors Service has downgraded South Africa's credit rating to subinvestment grade, as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt.

Construction Industry continues to grapple with ‘Mafias’

SA’s distressed construction sector is facing a host of issues including the so-called construction mafia – popularly known as the “business forums”.

2020 SA Budget: Government allocates billions on Infrastructure

South Africa is set to benefit from a multi-billion rand fund, which will be spent on national and provincial economic infrastructure requirements, according to the National Budget 2020 announced on Wednesday by Finance Minister Tito Mboweni.

Full text of SA's Budget Speech 2020

Read the full text of Finance Minister Tito Mboweni's national budget speech 2020-21, presented in the National Assembly, Cape Town on Wednesday.

2020 SA Budget Speech Highlights — by Minister Tito Mboweni

Cutting public-sector wages in a bid to appease rating agencies, Finance Minister Tito Mboweni on Wednesday delivered the R1.95 trillion 2020 Budget in Parliament Cape Town.

SA projects R53bn revenue collection shortfall

Tabling the 2019 medium-term budget policy statement (MTBPS), Finance Minister Tito Mboweni has projected a R53 billion revenue collection shortfall for the current financial year.

2019 Mid-Term Budget key Highlights — by Minister Tito Mboweni

Finance Minister Tito Mboweni on Wednesday delivered the 2019 mid-term budget statement as he faces a tough task of balancing government's books.

Budget 2019: Government to pour R69 billion into cash-strapped Eskom

South Africa’s Finance Minister, Tito Mboweni delivered his maiden Budget address, revealing plans to help Eskom financial and operational crisis — and do urgent maintenance to secure the supply of electricity.

Budget 2019: South Africa sets aside R5.8 trillion for spending

Finance Minister Tito Mboweni on Wednesday delivered the 2019 Budget Speech in Parliament Cape Town, outlining a plan to spend R5.8-trillion in the next three years

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