Mboweni has asked Minister of Public Enterprises Pravin Gordhan for a list of non-core state assets and has been provided with an “extensive list,” he said while being interviewed and answering questions from callers on Power FM radio.Mboweni, a former central bank governor who took office in October, has repeatedly questioned the logic of holding onto loss-making state companies, raising the ire of the labor union allies of the ruling African National Congress that oppose privatization.
The finance minister also said that a new commissioner of the South African Revenue Service will be appointed next week and a new board for the Public Investment Corp., which manages the pensions of South African state workers, will be constituted within two weeks. Both institutions have been embroiled in scandals.
“I am on public record saying it is time for old people to retire and it is time for young people to run the country,” said Mboweni, who is 60 years old.
This Tito sings the songs of his masters. When is Mboweni ever going to love his country more than his foreign handlers?
The reverse can also be argued regarding the belief that private capital is the Messiah of 'ownership'.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IOL - 🏆 46. / 51 Read more »