Tito Mboweni
Tito Mboweni

What SA is saying about Tito Mboweni ahead of #MTBPS

By Staff Reporter Time of article published Oct 24, 2018

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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: 

Good morning SA, Finance Minister Tito Mboweni will today present the Medium Term Budget Policy Statement in Parliament. #MTBPS2018 pic.twitter.com/Jt2ba60oat

— South African Government (@GovernmentZA) October 24, 2018

ON FEES MUST FALL

When students took to the streets on #FeesMustFall Government listened and responded positively declaring higher education fee-free for the poor.

I trust students are looking forward to the #MTBPS2018 by Comrade Tito Mboweni pic.twitter.com/FTl3HPrG1b

— Fikile (Mr Fearfokkol) (@MbalulaFikile) October 24, 2018

HOW THE MTBPS MAY IMPACT YOU.

More product could be VAT FREE

More Details on the Stimulus Package. #MTBPS2018 pic.twitter.com/vXRdrE8mf0

— #MaSisulu100 (@MYANC) October 24, 2018

RECAP ON 2018 budget: EDUCATION

Our Government allocated R57 Billion to fund fee-free tertiary education responding to the calls by South African students for fees to fall. #MTBPS2018 pic.twitter.com/IJwR6Y0nXv

— #MaSisulu100 (@MYANC) October 24, 2018

I cannot remember when last the Mid-Term Budget Speech has received so much attention. Let's see what Tito has in store for us #MTBPS2018

— Tertius Troost (@TertiusTroost) October 24, 2018

1. Reduce the size of cabinet please minister. Do away with Deputy ministers. For long term please relook at function of MMC &MECs, there is a lot of overlapping. Long term, zero tax AGRI hubs in close proximity to urban centers. Magaliesburg, brits,etc. #MTBPS2018

— Koketso Moloko (@porklady) October 24, 2018

Relax some of the many regulations when it comes to SMMEs....It's kinda tedious to run a profitable business especially as an HID person like me...We are paying too much every year,,and yet there's no guarantee that I will get a job/contract.. #MTBPS2018

— Odwa Voyi (@odwa_v) October 24, 2018

Pay close attention to the demographics of analysts who will be called in to discuss serious issues like the budget speech. #MTBPS2018

— Tebogo Ditshego (@TebogoDitshego) October 24, 2018

Good Luck 👍 @tito_mboweni as we all look forward to a people centered and people driven budget #MTBPS2018- give it your best shot - demonstrate that @MYANC put people first pic.twitter.com/Fvr5TojCaM

— PULE MABE (@pulemabe) October 24, 2018

I’m looking forward to hear what #TitoMboweni is going to say about our bloated Cabinet;

The high salaries Members of Parliament are receiving;

And the ever increasing #FuelPrice. #MTBPS2018 pic.twitter.com/0NPrwPCskv

— Hlubi Hendricks (@HlubiHendricks) October 24, 2018

WATCH [LIVE] at 14:00 today when the newly-appointed Minister of @TreasuryRSA delivers the #MTBPS2018 on #DSTV408 pic.twitter.com/GLJbUGraNV

— Parliament of RSA (@ParliamentofRSA) October 24, 2018

Tito Mboweni, we need VAT free LOCALLY GROWN chicken, & VAT free vegetables.

Add extra taxes to junkfood, cigarettes, alcohol.

Lower cabinet's & high office bearers salaries.

Decrease Fuel price! #702Breakfast #TipsForTito #MTBPS2018 #midtermbudget #VATfreeChicken @tito_mboweni

— ► Zayne Arnold ✪ (@ZayneArnold) October 24, 2018

#MTBPS2018 We call on the Minster to expedite the process of finalizing the issue of a Wealth Tax so that the super-rich can contribute to the development of our country and end the investments strike https://t.co/wnoH4qNQtU @ewnupdates @CAPSRadioSA @pretorianews pic.twitter.com/sWB9kYVRNK

— SADTU National. (@SadtuNational) October 23, 2018

BUSINESS REPORT ONLINE 

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