eNCA: South Africa Tonight
Wednesday, 30 October 2019
Panel discussion about the 2019 South African Medium-Term Budget Policy Statement (MTBPS) and its possible impact on fiscal sustainability and development. The interview assesses the policy pronouncements made by Finance Minister Tito Mboweni and the possible political economy outcomes. The interview also discusses the specific recommendations made by the Minister with regards to fiscal sustainability and governance of state-owned enterprises, partial privatisation of Eskom and the trade offs between fiscal sustainability and supporting economic growth. The discussion also evaluates whether the MTBPS policy pronouncements are sufficient to stave off a possible credit rating downgrade and whether these will also be able to deal with the domestic challenges caused by high unemployment, inequality and poverty.