JOHANNESBURG - South African Finance Minister, Tito Mboweni delivered his 2019 Budget Speech to the nation on Wednesday afternoon.
Democratic Alliance (DA) leader Mmusi Maimane said Finance Minister Tito Mboweni’s 2019 budget was a “lipstick budget.
“Firstly, South Africa faces a very difficult stage now, what has become very clear is that instead of taking bold and decisive action on Eskom, we have allocated more bailouts,” Maimane said.
During his budget speech in Parliament on Wednesday, Mboweni announced that the troubled power utility Eskom will get an additional R69 billion from the state over the next three years to help it service its debt.
“Even though you can talk about education, the fact of the matter is that he’s taking money away from provinces whose competence is to deliver education. This was a lipstick budget, he made it look pretty on the outside but frankly, it’s dealt with nothing,” said Maimane.
WATCH: @Our_DA leader @MmusiMaimane says the #BudgetSpeech2019 offered no new solutions to SA's woes.
Video: Sandisiwe Ntlemeza/ @AfriNewsAgency pic.twitter.com/uEstQf4Bo5
— IOL News (@IOL) February 20, 2019
@Nedbank CEO Mike Brown shares his thoughts on Tito Mboweni’s budget speech outside parliament. #TitoMboweni #Budget2019 pic.twitter.com/8CA6KJT2AG
— Business Report (@busrep) February 20, 2019