Tito Mboweni responded to a parliamentary question on how the government would inspire confidence in pension funds contributors and administrators.
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The 13.5% rebound in the third quarter follows a dramatic slump of 16.6% in the second quarter caused by COVID-19 lockdown restrictions.
The stimulus aims to create or protect up to 800,000 jobs within the current financial year through public and social employment.
Tito Mboweni said this proposal is part of the government’s wider efforts to address South Africa’s looming debt crisis.
EFF leader Julius Malema initiated a private member’s bill in Parliament in 2018 to nationalise SA Reserve Bank, but Treasury has strongly opposed it.
Finance Minister Tito Mboweni has revealed that a feasibility study for a state bank is now complete.
Nedbank says Moody’s sceptical reaction to Tito Mboweni’s MTBPS is a sign that a downgrade could be on the way.
Stats SA has released the latest Quarterly Labour Force Survey which shows a 7.5 percentage points increase in the unemployment rate.
BUSA says South Africa needs to address the high payroll costs and an increasingly “unproductive” public sector employment.
Former President Thabo Mbeki has reflected on President Cyril Ramaphosa’s Economic Reconstruction and Recovery Plan.