Finance Minister Tito Mboweni did not mince words when it came to the state of the economy during the mid-term budget and policy statement this afternoon. Mboweni firmly reminded the country that our economic recovery requires us to address our debt to GDP ratio and pay our obligations, referring to the ailing SOEs who are entering different phases of collapse. However, the ministry did recognize that the tax increases on a small tax-base will not fix these problems.

Guest:Mandla Isaacs - Managing Director | Zehuti Advisory