South African politician
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President Cyril Ramaphosa sê die voormalige minister van Finansies Tito Mboweni was 'n kampvegter vir ekonomiese transformasie in Suid-Afrika, net soos hy aangedring het op fiskale dissipline en bewys-gebaseerde beleidmaking. Mboweni is amptelik ter ruste gelê. Ramaphosa sê hy het finansminister geword toe die land die era van staatskaping moes beveg en terselfdertyd 'n verwoestende wêreldwye pandemie moes trotseer:
ANC NEC member David Mahlobo has described the late former Minister of Finance Tito Mboweni as selfless person who never divided the ANC. Mahlobo was speaking at the ANC's memorial service to honour the legacy of Mboweni. The memorial service was held at Nkowankowa community hall outside Tzaneen in Limpopo. Michael Makungo reports
Strong Retail Sales and the Two-Pot System: Retail sales show a positive trend, rising 3.2% in August, exceeding expectations of 2.1%. The Two-Pot System has already released R20 billion in six weeks, with the money used mainly for paying down debt, saving, and spending. Retail sales recovery, though from a low base, is a strong indicator of improved consumer health due to factors like slightly lower interest rates and inflation. South African retail sales | YonY Tribute to Tito Mboweni: Simon reflects on the passing of Tito Mboweni, former Finance Minister and Reserve Bank Governor. Mboweni's contributions include institutionalising the Reserve Bank's MPC meetings and implementing key labor reforms during his tenure as Labor Minister. His lasting impact on the country's economy and financial sectors was highlighted, along with his personality as a Twitter chef and self-styled "Duke of Magoebaskloof." Johnson & Johnson – A Smooth Dividend Play: Simon shares his reasons for holding Johnson & Johnson: consistent dividend growth (around 3% yield) and a steady 8% annual share price growth in US dollars. Despite some issues, the company offers reliable long-term returns in a competitive health and consumer space. Johnson & Johnson quarterly dividend payments Bytes Technology Group and Investment Opportunity: Bytes operates in the UK, offering hardware, software, and services. The stock showed mixed market reactions but has strong support around certain levels. With a forward P/E of 20 and a dividend yield of 3.6%, Simon sees it as an interesting opportunity for long-term investors in the tech space. Quilter Trading Update: Quilter's strong Q3 results follow a good first half of the year, with significant inflows supporting future earnings. A solid financial services player with a dividend yield near 4% and a forward P/E of 15, Quilter is performing well and trading at all-time highs since its 2018 listing. Sasol – A Weak Chart: Simon discusses Sasol's ongoing struggles, with a weak chart suggesting possible further declines. Investors should wait for technical indicators before making any moves. Brent Oil Price and Rand Volatility: Brent crude oil hit highs recently but is now retreating to $70 per barrel, with potential for further declines due to global oversupply. The rand, affected by dollar strength, is volatile but could see a return to 16.80 against the dollar in the coming months. Chapters 00:00 Retail Sales Recovery and Economic Outlook 04:29 Tribute to Tito Mboweni 08:32 Johnson & Johnson: A Steady Investment 09:52 Bytes Technology Group: Market Reactions 12:32 Quilter's Strong Performance 14:29 Cecil's Ongoing Struggles 15:56 Brent Oil Prices and Global Economy 17:48 Volatility of the Rand and Market Predictions Simon Brown * I hold ungeared positions. All charts by KoyFin | Get 10% off your order
Tito Mboweni se loopbaan strek verder as net finansies – hy het as Minister van Arbeid in Nelson Mandela se kabinet ‘n belangrike rol gespeel in die ontwikkeling van Suid-Afrika se arbeidswette. Stigter en hoofekonoom van die Efficient-groep, Dawie Roodt gesels oor Mnr. Mboweni se nalatenskap. Volg RSG Geldsake op Twitter
Die polisie ondersoek 'n massa-skietvoorval in Orange Farm. Huldeblyke stroom steeds in na die dood van die voormalige minister van finansies, Tito Mboweni. Ons bespreek Mboweni se invloed op die ekonomie en politiek. Die polisiediens kry 'n ongekwalifiseerde ouditmening. Moontlike regstappe oor die besnoeiing aan onderwysposte in die Wes-Kaap.
Tributes are flooding in for former Finance Minister and Reserve Bank Governor, Tito Mboweni, who passed away on Saturday after a brief illness. Mboweni died at the age of 65. His family, politicians and citizens are still reeling in shock over his sudden loss. Leslie Maasdorp, a former Special Adviser to Tito Mboweni during his tenure as Labour Minister, spoke to Elvis Presslin to share insights into Mboweni's remarkable career and life
Lester Kiewit speaks to former Finance Minister Trevor Manuel about his predecessor and comrade Tito Mboweni who helped set the country on a stable economic footing during his tenure as Finance Minister and Reserve Bank Governor. Mboweni passed away this weekend at the age of 65, after a short illness. See omnystudio.com/listener for privacy information.
To discuss Tito Mboweni's life, impact, and legacy, we are joined by Dr Kenneth Creamer an academic economist based at the University of theWitwatersrand. Professor Creamer will provide insight into Mboweni'scontributions to South Africa's economic development and the lasting impact ofhis work on the nation's financial institutions and policies.See omnystudio.com/listener for privacy information.
Today's episode is centered around why leaders need to look and go back to the village which helped them become who they are today and empower others with opportunities, skills, and knowledge to do the same. It is the circle of life! Dr. Douglas Mboweni is the Group Chief Executive Officer of Econet Wireless Zimbabwe Limited. He has had a remarkable career in business, but it wasn't without its dark moments. In this episode, he chats with Anne Pratt about these challenges, sharing the short period he spent in prison and an important lesson he learned. The two talk about this pivotal time for leaders and how you can grow your business without neglecting the state of the people and the world around you. Douglas also shares his perspective on social responsibility and valuing shared humanity as we propel in society. How do we maintain that balance between business leadership and social leadership? Be inspired by Douglas' commitment to giving back and creating better leaders for the future generation by tuning in.Love the show? Subscribe, rate, review & share! https://anne-pratt.com
Don't have time to read? Listen to a summary on former finance minister Tito Mboweni speaking about SA heading in the wrong direction.
News headlines: *South African Finance Minister Tito Mboweni affirmed his commitment to reining in debt amid concerns that the coronavirus pandemic and a week of deadly riots will further erode the state's already shaky finances. *South Africa's port and rail company appears to have been targeted with a strain of ransomware that cybersecurity experts have linked to a series of high-profile data breaches likely carried out by crime gangs from Eastern Europe and Russia. *President Cyril Ramaphosa has authorised the use of 1,495 members of the military to help neighbour Mozambique fight an Islamic State-linked insurgency, parliament said on Wednesday.
News headlines: *South African Finance Minister Tito Mboweni affirmed his commitment to reining in debt amid concerns that the coronavirus pandemic and a week of deadly riots will further erode the state's already shaky finances. *South Africa's port and rail company appears to have been targeted with a strain of ransomware that cybersecurity experts have linked to a series of high-profile data breaches likely carried out by crime gangs from Eastern Europe and Russia. *President Cyril Ramaphosa has authorised the use of 1,495 members of the military to help neighbour Mozambique fight an Islamic State-linked insurgency, parliament said on Wednesday.
Edward Kieswetter – Commissioner, Sars & Izak Odendaal – Investment strategist, Old Mutual Wealth
Die Suid-Afrikaanse minister van finansies, Tito Mboweni, sê die land gaan meer as 15 miljard rand nodig hê om sake-ondernemings te help om te herstel. Die minister het die media toegespreek om die verligtingspakette uiteen te sit ná die onlangse onrus in KwaZulu-Natal en Gauteng. Mboweni het bevestig die staatsbeheerde versekeringsmaatskappy Sasria is ook besig met evaluerings om die aansoekproses te bespoedig.
Refilwe Moloto speaks to the Democratic Alliance's Shadow Minister for Finance, Geordin Hill-Lewis about their call for Finance Minister Tito Mboweni to access their special contingency reserve to fund the urgent escalation of South Africa's vaccine rollout. See omnystudio.com/listener for privacy information.
Finance Minister Tito Mboweni has been calling for the full legalisation of cannabis, saying it should be a legal, taxable product that generates money for the fiscus, creates jobs and brings illegal farmers into the economic mainstream. Refilwe Moloto speaks to Brett Hilton-Barber, publisher of Cannabiz Africa, who spoke to Mboweni recently. See omnystudio.com/listener for privacy information.
In 2004 Jerry was a homeless heroin addict believing he had nothing to live for - drugs had destroyed his life. He'd pawned everything he owned for a fix and was begging on the street. See omnystudio.com/listener for privacy information.
South Africa's finance minister, Tito Mboweni has upset Zambia over an alleged disparaging tweet.The tweet says that nothing much was happening in Zambia, insinuating that the country's economy was not doing well.A statement by Zambia's Information Minister Dora Siliya says the government has noticed a very worrying trend by Mr Mboweni, of ignoring diplomatic etiquette and embarking on bad-mouthing a sovereign state.Ms Siliya says she hoped Mr Ramaphosa will censure the minister again.The offending tweet has since been deleted but Mr Mboweni's tweeted on Tuesday about being persecuted for scientific truth.
In die jongste aflewering van "3 Minute, 3 Sake" bespreek Gerhard van Onselen van Sakeliga die minister van finansies se uitsprake oor inperkings en die derde vlaag van Covid-19. Hy kyk ook na die noodaankope vir die land se energiekrisis en bespreek die tesourie se jongste regrukplan vir die ekonomie. Sakeliga se webwerf · Sakeliga op Facebook
In die jongste aflewering van "3 Minute, 3 Sake" bespreek Gerhard van Onselen van Sakeliga die minister van finansies se uitsprake oor inperkings en die derde vlaag van Covid-19. Hy kyk ook na die noodaankope vir die land se energiekrisis en bespreek die tesourie se jongste regrukplan vir die ekonomie.
Economists and the business community at large have welcomed Finance Minister Titio Mboweni 's2021 budget. Many industry experts who were interviewed said the budget was balanced and showed compassion for the corporate sector that is struggling. Markets also reacted positively to the minister's speech in late evening trade (wednesday 24 February)
Finance Minister Tito Mboweni has expressed optimism about the country's economic recovery. Mboweni tabled the 2021-2022 budget in Parliament, with revenue projected to be 1.35 trillion rand. He says non-interest spending will remain steady at approximately 1.56 trillion rand over the next three years, but will decline as a share of GDP to 26.2 percent in 2023/24.
Dumo and Koketso sat down and about spoke about Mboweni's latest budget speech, the ever rising unemployment, the name changes for Port Elizabeth, the wokeness of Coca Cola and soccer players refusing to take the knee before matches.
Finance minister Tito Mboweni delivered his budget for 2021. It came in the wake of shocking unemployment figures that were shared by Stats SA on Tuesday. Mboweni elaborated on measures to help the economy recover since Covid-19 hit SA 11 months ago.
Turning to South Africa now, where President Cyril Rama-posa's administration is pressing pause on income tax increases, despite concerns over the rising amount of debt held by the state. In a speech to parliament, Finance Minister Tito Mboweni said the priority would be addressing the continent's worst outbreak of COVID-19. To that end, Mboweni says the government plans to spend more than 700-million dollars over the next three years to buy vaccines. He says higher spending will help Africa's most industrialised economy grow more than 3-percent this year, after last year's contraction of 7-percent. #SouthAfrica #Budget #TaxCollection
Finance Minister Tito Mboweni has repeatedly warned that South Africa is in a perilous financial situation. Does the 2021 budget go far enough in reversing economic decline? Dr Azar Jammine is Director and Chief Economist of Econometrix, an independent economic research consultancy. He shares his considered opinion us whether he thinks Finance Minister Tito Mboweni and team have put together a budget that can push the South African economy back into healthy terrain. He says the government intends to chop government spending - but much depends on whether Mboweni can contain public servant wages. Eskom, state entities and the performance of Mboweni compared to his predecessors are also discussed. This podcast is made just for you by BrightRock, the first-ever needs matched life insurance that changes as your life changes.
Economists say Finance Minister Tito Mboweni is unlikely to increase taxes in order to finance the country's vaccine rollout programme. Their comments come as Mboweni is expected to table the 2021 Budget THIS AFTERNOON. Experts say Mboweni should rather focus on keeping spending low in order to make fiscal room to fund an effective vaccination programme. Other experts say the minister should lean more on the private sector for support.
Opposition parties have expressed doubt over the ability of government to address the country's economic crisis. This comes as Finance Minister Tito Mboweni is set to table his much-anticipated Budget Speech TODAY (24 February). Mboweni's 2020/21 budget will be the toughest ever presented to Parliament - as the country is still reeling from the prolonged COVID-19 lockdown which has caused an economic bloodbath - with many businesses shutting down or shedding jobs.
Finance Minister Tito Mboweni has repeatedly warned that South Africa is in a perilous financial situation. Does the 2021 budget go far enough in reversing economic decline? Dr Azar Jammine is Director and Chief Economist of Econometrix, an independent economic research consultancy. He shares his considered opinion us whether he thinks Finance Minister Tito Mboweni and team have put together a budget that can push the South African economy back into healthy terrain. He says the government intends to chop government spending - but much depends on whether Mboweni can contain public servant wages. Eskom, state entities and the performance of Mboweni compared to his predecessors are also discussed. This podcast is made just for you by BrightRock, the first-ever needs matched life insurance that changes as your life changes.
The project director for the South African Institute of Chartered Accountants (SAICA) Sumaya Khaki says Finance Minister Tito Mbowen is in a very difficult position as he prepares to deliver his 2021 budget speech. Khaki was speaking to Radio Islam on Tuesday ahead of Mboweni’s budget at 2pm on Wednesday.
Dumo spoke to Ernst van Zyl on the latest developments of the expropriation bill, Mboweni's upcoming budget speech and Solidarity's achievement in building a learning institution.
* As South Africans prepare to hear the details of the National Budget on Wednesday, 65% of economists surveyed by Bloomberg say the government won’t reach its goal of achieving a primary budget surplus in the next four years. Officials including Mboweni have repeatedly warned that the country faces a sovereign debt crisis unless is takes urgent action. However, plans to reduce expenditure by about 300 billion rand over the next three fiscal years, * Anglo American Platinum Ltd. plans to increase its mine output by about a fifth over the coming decade, while seeking to stimulate demand for the platinum-group metals it produces, reports Bloomberg. * Sasol, the South African chemicals and fuel maker, called off a potential $2 billion share sale and announced first-half profit more than tripled. The shares hit the highest in a year. * Many EOH employees are angry, reports mybroadband.co.za, because they have been told they will not receive their expected salary increases this month and that the issue will only be revisited in August.EOH’s 2020 annual reported reveals that CEO Stephen van Coller received a total salary package of R17.6 million over the last financial year - of which more than half was bonus pay.
* As South Africans prepare to hear the details of the National Budget on Wednesday, 65% of economists surveyed by Bloomberg say the government won’t reach its goal of achieving a primary budget surplus in the next four years. Officials including Mboweni have repeatedly warned that the country faces a sovereign debt crisis unless is takes urgent action. However, plans to reduce expenditure by about 300 billion rand over the next three fiscal years, * Anglo American Platinum Ltd. plans to increase its mine output by about a fifth over the coming decade, while seeking to stimulate demand for the platinum-group metals it produces, reports Bloomberg. * Sasol, the South African chemicals and fuel maker, called off a potential $2 billion share sale and announced first-half profit more than tripled. The shares hit the highest in a year. * Many EOH employees are angry, reports mybroadband.co.za, because they have been told they will not receive their expected salary increases this month and that the issue will only be revisited in August.EOH’s 2020 annual reported reveals that CEO Stephen van Coller received a total salary package of R17.6 million over the last financial year - of which more than half was bonus pay.
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* South Africa can’t implement a pay deal with public servants because it would precipitate a fiscal crisis, Finance Minister Tito Mboweni said. * Mboweni said Zambia’s financial woes provided a cautionary tale and South Africa can ill afford to go down the same path as Zambia - which this month defaulted on its Eurobonds, the first African nation to do so since the onset of the coronavirus pandemic. * The alcohol industry committed to train and deploy 80 community patrollers in eight police stations (10 patrollers per station) in the Covid-19 hotspots areas in the province, an industry body has announced. * South African retailers including The Foschini Group and Woolworths Holdings are increasing investment in local clothing manufacturers – both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions, reports Bloomberg.
* South Africa can’t implement a pay deal with public servants because it would precipitate a fiscal crisis, Finance Minister Tito Mboweni said. * Mboweni said Zambia’s financial woes provided a cautionary tale and South Africa can ill afford to go down the same path as Zambia - which this month defaulted on its Eurobonds, the first African nation to do so since the onset of the coronavirus pandemic. * The alcohol industry committed to train and deploy 80 community patrollers in eight police stations (10 patrollers per station) in the Covid-19 hotspots areas in the province, an industry body has announced. * South African retailers including The Foschini Group and Woolworths Holdings are increasing investment in local clothing manufacturers – both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions, reports Bloomberg.
Regulations surrounding the reclassification of inward listed instruments have been suspended. Coronation out performs, Mboweni mulls over SAA and Sarb worries about debt.
Regulations surrounding the reclassification of inward listed instruments have been suspended. Coronation out performs, Mboweni mulls over SAA and Sarb worries about debt.
Die EFF in Suid-Afrika sê vandat die buurland se Minister van Finansies Tito Mboweni aangestel is, het hy nog niks in plek gestel om die inkomstedoelwitte wat hy self gestel het te bereik nie. Die Parlement het 'n debat gevoer oor die Wysigingswetsontwerp op Belasting-administasiewette. Omphile Maotwe van die EFF sê daar is genoeg bewyse dat Suid-Afrika en Afrika miljarde verloor deur onwettige kontantvloei, en dat byna alle sektore gebuk gaan onder wydverspreide korrupsie, geldwassery en afpersing:
Organised business has made an aggressive intervention into the highly sensitive debate on South Africa’s public sector wage bill, arguing that payroll costs are too high, rising too quickly and are not being supported by commensurate productivity gains. Business is, thus, calling for an urgent downward adjustment to government’s payroll in order to avoid a fiscal debt crisis, which it argues has the potential to trigger a full-blown financial crisis. The intervention has been made in the form of a research report commissioned by Business Unity South Africa (BUSA) and conducted by Intellidex. BUSA CEO Cas Coovadia said the research had been undertaken in an effort to stimulate a data-driven debate on the matter, which Finance Minister Tito Mboweni described in his recent Medium-Term Budget Policy Statement speech as an area in need of a “new consensus”. “Over the past five years, public sector employee compensation grew by 7.2% a year on average – well above inflation. Over the next five years, it will need to grow much, much slower,” Mboweni averred. Government is proposing growth in the public-service wage bill of 1.8% in the current year and average yearly growth of 0.8% for the coming three years. To achieve the target, government has, controversially, not implemented the third year of the 2018 wage agreement and was proposing a wage freeze for the next three years. Public sector unions are strongly opposing government’s attempts at not implementing the final year of the wage agreement and some have described the proposed wage freeze as a “declaration of war”. The BUSA-commissioned report calculates that compensation spending increased from R154-billion in 2006/7 to R518-billion in 2018/19. “This is a 78% inflation-adjusted increase, while increases in headcount went up by 22%. Payroll costs have increased by a compound average of 10.5% since 2006/7, compared to average growth of nominal gross domestic product (GDP) of 8.2%.” The report also asserts that the average remuneration of public servants in South Africa is high by international standards and when compared to private sector employees and per capita GDP. Its global comparison is based on an International Monetary Fund assessment of 46 countries, which shows that wages for ‘general government’ employees accounted for an average of 9.4% of GDP. “The figure for South Africa, for 2017, was 11.6%. This was in the top quarter of reported countries and is nearly 25% larger than the international average.” The BUSA-commissioned report argues that downward adjustments to the payroll can be made either by reducing wages, reducing headcount, or doing both. It suggests, too, that South Africa needs a ‘social compact’ relating to the trajectory of public payroll costs with the aim of lowering these costs by 10.5% by 2025/26. The report includes no offer from business to moderate executive remuneration during the period, a quid pro quo typically raised when wages are debated among the social partners. Coovadia stressed that trade-offs from all social partners would be necessary to support the economic recovery, but stressed that business would be ready and willing to invest and create jobs once long-standing policy uncertainties had been fully addressed. In the absence of “tough decisions”, including a decision to reduce the public sector wage bill to shore up fiscal sustainability, the prospects for an economic recovery would continue to be undermined. He was strongly supported by Business Leadership South Africa CEO Busi Mavuso who argued that South Africa’s economic sovereignty was at stake. “If we lose that [our sovereignty] it affects all social partners alike. If business doesn’t weigh in on this, unfortunately the investment drive that we are on is going to continue being illusive and definitely the economic growth that we want to attain as a country is going to continue being illusive, and that means that the jobs crisis that we are t...
Finance minister Tito Mboweni has warned that SA may be headed for a debt crisis and yet in the tabling of his medium-term budget, the minister committed to finding more money for SAA. Government's need to help struggling state owned enterprises has been a key concern for ratings agencies, so what did Moody's make of Mboweni's medium-term budget and government's spending priorities? Business Day TV spoke to Moody's lead sovereign analyst Lucie Villa on SA to find out.
In the MTBPS, Finance Min, Mboweni, laid out plans to freeze public sector wages for the next three years to help cut its salary bill. Mining and labour analyst discusses the potential likely outfall between the African National Congress (ANC)-led government and its labour union alliance partners. Guest: Mamokgethi Molopyane, Mining & Labour Analyst Host: Africa Melane Topics: MTBPS: Wage-freeze for public servants See omnystudio.com/listener for privacy information.
Finance Minister, Tito Mboweni, has revised this year's economic contraction from the seven-point-two per cent estimate in June, down to seven-point-eight per cent. According to the National Treasury, the budget deficit will narrow from 15 per cent in this financial year to ten-point-one per cent in 2021/22. Mboweni, who tabled the medium-term budget policy statement yesterday, called for a shift in expenditure from consumption to capital investment.
In vandeesweek se "3 Minute, 3 Sake" bespreek Gerhard van Onselen, ʼn senior ontleder by Sakeliga, die ekonomie wat byna onder inperkings ineenstort en onsekerheid in die konstruksiebedryf. Hy gesels ook oor Tito Mboweni, minister van finansies, se zero-gebaseerde begroting. Sakeliga se webwerf · Sakeliga op Facebook
Cosatu has warned the government that it will have “egg on its face” for wanting to cut the public sector wage bill, saying its behaviour in the saga was worse than the apartheid government's. The SA economy is in trouble and the public sector has made it clear that it is not happy to bear the brunt of the decline. In this week's Sunday Times Politics Weekly podcast, the team is joined by Business Day journalist Mudiwa Gavaza. They get into the nitty-gritty of the politics that will follow finance minister Tito Mboweni's 2020 budget speech.
In die jongste '3 Minute, 3 Sake' kyk Gerhard van Onselen van Sakeliga na die minister van finansies se waarskuwing aan die ANC, die presidensiële adviespaneel oor die ekonomie en 'n skoolverlatersertifikaat vir gr. 9-leerders. Sakeliga se webwerf · Sakeliga op Facebook
Drie sakekwessies wat die afgelope week opslae gemaak het, is Mboweni en die SAL, Kganyago wat wal gegooi het teen populisme en die jongste oor die onteieningskwessie. Sakeliga se webwerf · Sakeliga op Facebook
Minister Tito Mboweni se begrotingstoespraak was uiteindelik teleurstellend. Moody's Investor Services en Fitch Ratings het ook kommentaar oor die Mboweni-begroting gelewer. Die vyfjaar lange hofstryd om die PEU-saak ongeldig te laat verklaar, het op 'n kostebevel in die guns van Sakeliga uitgeloop. Sakeliga se webwerf · Sakeliga op Facebook
Tito Mboweni sal vandeesweek sy eerste mediumtermynbegrotingstoespraak as minister van finansies lewer. Minister Mboweni was Saterdag tydens die Kader Asmal-gedenklesing by die Kaapse Skiereiland Universiteit van Tegnologie aan die woord. Die krisis op munisipale vlak wys nog geen tekens van einde nie. Sakeliga se webwerf · Sakeliga op Facebook
Gerhard van Onselen, senior ontleder by Sakeliga, oor hul verwagting vir minister Tito Mboweni se mini-begroting. Sakeliga se webwerf · Sakeliga op Facebook