SOEs’ endless demands are SA’s biggest threat
The growing public sector wage bill is another ‘huge threat to our fiscus’, says Tito Mboweni
The “never-ending demands” of state-owned enterprises, the public sector wage bill and corruption and general mismanagement are the major threats to SA’s fiscal sustainability, finance minister Tito Mboweni said on Thursday.
Mboweni was speaking at a breakfast hosted ahead of the departure of SA’s delegation of business and government leaders to the World Economic Forum (WEF) in Davos, Switzerland.
But Team SA must communicate SA’s investment case, as a host of domestic troubles foment, including the cash crisis besetting state airline SAA, power supply shortages by Eskom, a flagging economy and fragile state finances...