Sometimes the focus should not be on what was said, but rather on what was left unsaid. The Supplementary Budget tabled by Minister Tito Mboweni on 24 June 2020, centred around the potentially disastrous trajectory of South Africa’s fiscal affairs.
BRICS is a grouping of the five major emerging economies of Brazil, Russia, India, China and South Africa. Volume five in the Democratic Marxism series challenges the mainstream understanding of BRICS and US dominance to situate the new global rivalries engulfing capitalism.
Finance Minister Tito Mboweni delivered his Supplementary Budget Speech 2020 to (a virtual) Parliament on June 24. Against the backdrop of a pandemic and deepening economic recession, the minister released adjustments to the February budget numbers, also promising a second round of adjustments in October alongside the Medium‐Term Budget Policy Statement (MTBPS).
Finance minister Tito Mboweni favours zero-based budgeting, an approach that would weigh each expenditure item, each departmental budget, against government goals. The Minister has said that this would entail focusing on ‘infrastructure development and other growth-enhancing measures’ and come at the expense of those programmes considered wasteful in relative terms.
The Supplementary Budget 2020 was tabled to Parliament on 24 June 2020 by South African Finance Minister Tito Mboweni.
The 26th week of 2020 will prove decisive in the South African political sphere. The business rescue practitioners appointed to try and resurrect South African Airways (SAA), after three extensions and extensive (and perhaps unlawful) interference by the Department of Public Enterprises (DPE), published the proposed business rescue plan on 16 June. The plan, however, is more of a pipe dream than anything else. The political drama about to unfold would be majestic to behold if it were playing out on television. Unfortunately, this is all but fiction.
Poverty isn’t always a jumble of appalling statistics. Sometimes there are names, faces and stories to the numbers. It’s a cousin who’s finished high school but doesn’t have enough money to job hunt. It’s a colleague whose hand to mouth living still only gets her through half the month because her salary is just not enough.
A pandemic has hit the World, causing every country to reset and take a step back, assess its strengths, weaknesses, areas in need of development, and importantly also those priorities which now do not seem to be that important.
Read our exclusive cover story titled COVID-19 | RESET... REDEFINE, REFINE, REBUILD ...RESTART! by Dr Ivor Blumenthal, CEO, ArkKonsult, as well a host of other topical management articles written by professionals, consultants and academics in the June/July 2020 edition of BusinessBrief.