The #MTBPS2020 in five charts

Finance Minister Tito Mboweni has to walk a fine fiscal line.
Minister Tito Mboweni Delivering the 2020 Medium Term Budget policy statement. Image: GCIS

Finance Minister Tito Mboweni has little room to manoeuvre when it comes to paying South Africa’s bills. We show just how difficult it is in the charts below.

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That ubiquitous yellow ANC T-shirt, on which the words “LET’S GROW SOUTH AFRICA TOGETHER”, refers:

Recently I noticed again someone wearing such shirt, and almost came to the point of asking the wearer “With SA’s continued economic DECLINE over the past number of years, where is the “growth” your ANC is talking about??

But refraining from saying anything, thinking the yellow shirt should’ve read: “Let’s destroy or loot SA together”

Back home I had some self introspection, thinking the slogan is in fact perfectly CORRECT:

I realised that, NEGATIVE growth is still regarded as “growth”. Just with a minus figure. (Hence I apologise to all the ANC readers on this site….sometimes your party do make sense)

End of comments.

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