Central SA
Mboweni gives #budget update on lockdown rehabilitation─── LEATILE LEIEE 15:50 Wed, 28 Oct 2020
Minister of Finance Tito Mboweni expresses confidence that the public sector can recover from the impact that was endured during the coronavirus pandemic.
Talking during the mid-term budget speech this afternoon, Mboweni says that with the assistance of government, private enterprises, and Small Medium Enterprises (SME), the economy can still be kept afloat. The minister indicated how the public sector's minimum wage has over the past five years increased by 7,2% on average, which according to him has always been above inflation. He urges that the country embraces a sustainable future and he does not foresee a collapsing economy.
‘’The minister of the Department of Public Service and Administration and the leaders of Public Service Unions are meeting to discuss how best to adapt to this new reality."
‘’I must stress, however, that our public servants do very important work for our country, they’re deserving, they do not want to overburden our country with debt. They want to leave assets and not liabilities for the next generations.’’
Minister Mboweni concluded that the country should expect a new normal with technology that’s key for the rebuilding of the economy.
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