, has the tough task of stabilising a pandemic-hit fiscus and clawing back investment after the country’s credit rating was downgraded again.
Fitch said its decision was based on high and rising government debt — exacerbated by Covid-19’s economic shock — as well as hurdles to the treasury’s fiscal consolidation efforts. In May, Fitch affirmed its BB- rating, three notches below investment grade. Parks said Mboweni needed to do more to stimulate the economy before and after the pandemic. “Besides the, there hasn’t been much from the fiscus to cushion the economy and society. That is a huge problem … There are huge disappointments and we think [the] treasury could have done a lot more.”
“And to stick to his guns of continuously punting the need for fiscal consolidation in the medium term, I think that is quite admirable, especially in an environment where you have a lot of pressure coming onto the budget.” Fitch’s head of Middle East and Africa sovereign ratings, Jan Friederich, said the agency did not expect Godongwana to go against the treasury’s fiscal consolidation programme.
Of Godongwana, Parks said the trade union federation’s stance was not to comment on individual personalities. “But we will give all the ministers the benefit of the doubt. They’ve just been appointed so we want to give them some space to find their feet.”
Government does not, and will not know what is going on around them...ever! Fools trying to master lego...just wont work
So we mist not get paid neh!
IFC_org BBCWorld WHO EU_Commission eu_eeas AusGov NewZealandGov EnglandGov MoodysInvSvc stat_world questCNN MinPres NEDemocracy en_germany UKParliament DailyMailUK SwedenUN swiss_un FBI FitchRatings UN
He is their man even if dark clouds of corruption handing over him, maybe he's not black.
Honestly receiving $35000 after investing $5000, this is what I never expected. Thanks for putting an undying smile on my face sandyprech investment
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No changes to fiscal framework expected, says GodongwanaNewly appointed finance minister Enoch Godongwana promises ‘continuity’ on the policy path set by his predecessor Tito Mboweni I wish I contacted earlier Linda_Stouffer this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person Linda_Stouffer U guys are working overtime to sanitize his appointment.. and we are not blind to it. What is it about the dodgy characters all trying to look like Al Capone. You would think this is a look they would try and avoid.
Source: BDliveSA - 🏆 12. / 63 Read more »
No changes to fiscal framework expected, says GodongwanaNewly appointed finance minister Enoch Godongwana promises ‘continuity’ on the policy path set by his predecessor Tito Mboweni RealHeadline! 'No changes to inefficiency expected, says Godongwana' another cat in a hat?
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: mailandguardian - 🏆 2. / 92 Read more »