Tito Mboweni
JOHANNESBURG - Ahead of Finance Minister Tito Mboweni's maiden budget speech that he will deliver to the nation later today, we take a look at what South Africans are hoping to hear from the minister during his speech. 

What measures will Mboweni announce in his medium-term budget to restore fiscal discipline while balancing it with the needs of the poor?  This, among others, will be the question that will be answered when Mboweni tables his maiden Medium Term Budget Policy Statement, dubbed the mini-budget, in the National Assembly, this afternoon.

Mboweni, along with the top finance officials – SA Revenue Service acting Commissioner Mark Kingston, National Treasury Director General Dondo Magajane and Reserve Bank Governor Lesetja Kganyago – will walk up to the National Assembly carrying the symbolic national purse to deliver his medium term budget speech shortly after lunch.

Some analysts have already expressed a sense of optimism that Mboweni, who is a former Reserve Bank Governor and a respected economist, will restore fiscal discipline and bring confidence in the public finances.

Mboweni’s tough balancing act, some have said, will bode well with ratings agencies, while keeping him on the good books of labour unions.

Over the weekend, the minister reportedly expressed a concern that the public sector wage bill was high and that interventions were required to curb spending on salaries.

Take a look at what South Africans are saying about the MTBPS on Twitter below: 

















BUSINESS REPORT ONLINE