Streaming issues? Report here
Abongile Nzelenzele 2019 1500 BW
Early Breakfast with Abongile Nzelenzele
04:00 - 06:00
volume_up
volume_mute

Up Next: Breakfast with Refilwe Moloto
See full line-up
Early Breakfast with Abongile Nzelenzele
04:00 - 06:00
Home
arrow_forward
Local

#MTBPS2018: An in-depth look at South Africa's economic model

24 October 2018 12:39 PM
Tags:
Economy
Tito Mboweni
MTBPS
finance minister tito mboweni
mid term budget speech 2018
Economists discuss the various economic models used in the world and which one South Africa is using.

Senior lecturer at the School of Economic and Business Science at Wits University Lumkile Mondi says the ANC has marginalised capable blacks that are not comrades.

He further says that cadres that are incompetent get rewarded.

Sizwe Mpofu-Walsh spoke to senior lecturer at the School of Economic and Business Science at Wits University Lumkile Mondi and CitiBank Economist Gina Schoeman about some of the challenges facing Minister of Finance Tito Mboweni.

The biggest challenge is that South Africa is a microeconomic model.

Lumkile Mondi, Senior Lecturer at the School of Economic and Business Science at Wits University

If you look at African models post their independence they have all collapsed.

Lumkile Mondi, Senior Lecturer at the School of Economic and Business Science at Wits University

READ: MTBPS2018 What should we expect from Mboweni's mid term budget speech?

We depend so much on financial markets.

Gina Schoeman, CitiBank Economist

ALSO READ: MTBPS2018: 'Mboweni's mid-term budget'-drastic changes unlikely say economists

Finance Minister Tito Mboweni will deliver the Medium-Term Budget Policy Statement on Wednesday.

Listen to the full analysis here:


This article first appeared on 702 : #MTBPS2018: An in-depth look at South Africa's economic model


24 October 2018 12:39 PM
Tags:
Economy
Tito Mboweni
MTBPS
finance minister tito mboweni
mid term budget speech 2018

More from Local

Andre de Ruyter

Eskom board 'firmly' behind appointment of new CEO, Numsa says it's a setback

18 November 2019 7:19 PM

Andre de Ruyter, who is currently the CEO of packaging group Nampak, will take over from Phakamani Hadebe.

Share this:
Read More arrow_forward

Andre de Ruyter

Andre de Ruyter announced as new Eskom CEO

18 November 2019 5:26 PM

Public Enterprises Minister Pravin Gordhan made the announcement on Monday.

Share this:
Read More arrow_forward

refugeesgif

Refugees in Cape Town contemplate 'walking to the nearest border'

18 November 2019 4:53 PM

Refugees living at a Methodist chapel in Cape Town's city centre are considering alternative options following an attack last week.

Share this:
Read More arrow_forward

Dancer and choreographer Musa Motha speaking at the Changemakers 2019 .

Cancer survivor Musa Motha: 'Anything is possible if you believe'

18 November 2019 2:52 PM

Dancer, choreographer and producer Musa Motha unpacked how believing in himself changed his life.

Share this:
Read More arrow_forward

saa over table mountain.jpg

Airline safety claims are malicious, says SAA

18 November 2019 1:52 PM

SAA chief commercial officer Phillip Saunders says no pilot will fly an aircraft unless they are confident it is safe.

Share this:
Read More arrow_forward

191014-kanya-cekeshe2-edjpg

FMF activist Cekeshe released from hospital, in need of psychiatric treatment

18 November 2019 1:48 PM

Wikus Steyl, the lawyer for the Fees Must Fall student activist, says his client's mental health has taken a tremendous strain.

Share this:
Read More arrow_forward

Zimbabwe flag

'Sanctions on Zimbabwe are symptoms of bigger political problem'

18 November 2019 1:26 PM

Former Zimbabwean politician, Professor Arthur Mutambara weighs in on a symposium aimed at helping the country's economy recover.

Share this:
Read More arrow_forward

Gavel of judge in law court legal 123rflegal 123rf

Groups of refugees arrested in Pretoria appear in court

18 November 2019 1:10 PM

At least 180 foreign nationals were arrested last week and are appearing in court on charges of trespassing.

Share this:
Read More arrow_forward

garden-of-lights-event-pagejpg

Garden of Lights organiser responds to backlash over 'disaster event'

18 November 2019 1:06 PM

David Huni, the organiser behind the Christmas Brilliance Garden of Lights event in Stellenbosch, was asked to explain himself.

Share this:
Read More arrow_forward

kitchen-decor-apartment-propertyjpg

City updates by-laws on short-term rentals for Cape Town homeowners

18 November 2019 10:45 AM

Homeowners can rent their house, flat or any other property for short-term stays no longer than 30 consecutive days at a time.

Share this:
Read More arrow_forward