Finance Minister, Enoch Godongwana, is bracing for a critical moment in his tenure as the country edges closer to a financial meltdown.With South Africa set to run out of money in less than six months Finance Minister Enoch Godongwana is heading for the first real crisis of his 26 months in the department. The minister will table his medium-term budget policy statement today and has no choice but to make unpopular decisions and go against his party’s populist wishes.
Instead, it should cut ministerial advisors by half and reduce the Cabinet size – especially the number of ministers.
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