Minister of Finance Tito Mboweni tabled his budget, but we’ll need more than hope to sustain us

Picture: @tito_mboweni, Twitter
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Minister Mboweni started off acknowledging the more than 50 000 South African that passed away due to the Covid 19 pandemic. He reminded us to be hopeful, quoting Archbishop Tutu as saying, “Hope is being able to see that there is light despite all of the darkness.”

It’s a known fact that our economy is in darkness and that we do need hope. Hope alone will not sustain us. Let’s face it, we need real change and proper fiscal policies that will navigate this country to economic recovery.

South Africa is like that member of the family that is always borrowing from everybody. And then they struggle to pay it back. It surely is not a good place to be in. If we look at the reaction to the budget speech, we find mixed sentiments. The poor seem to be getting a shorter end of the stick as social grants increases are less than usual.

Mboweni failed to mention the SAA Bailout, Eskom’s woes, Prasa’s defunct board and the list goes on. I mean, we need a real effort in job creation and not this flaked out Public Employment Program. 

This was definitely not an austerity budget as mentioned by Mboweni. It did not even meet the targets set out by last year’s budget. Our country’s finances are in such a mess – and how much of this can be attributed to Covid? The wasteful expenditure on the Zondo Commission is proof of that Zuma will not pay back the money and the Guptas have jumped ship. 

Sorry to those who sin, your taxes have gone up a wee bit. But then again, it was to be expected. Your sins pay for some of the infrastructure development in our country.

 

*These are the opinions of the writer and do not necessarily reflect the views of Vannie Kaap News.