As long as we are hamstrung by servicing an inordinate amount of debt, economic development will remain static
Finance minister Enoch Godongwana ticked all the right boxes in his delivery of the medium term budget policy statement in parliament, and in doing so carried on the work started by his predecessor Tito Mboweni. He even remarked to journalists that the only difference between him and Mboweni was that he wore better shoes.
This is no bad thing, at first glance. Mboweni commanded respect internationally, as a regular at the Davos meetings of the rich and powerful, and as a former Reserve Bank governor. Godongwana may be a less colourful figure, and has stayed away from sniping at fellow ÁNC leaders’ weakness for big spending...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.