Tito Mboweni sticks to his guns: Expenditure cuts are coming.
CAPE TOWN – Finance Minister Tito Mboweni on Wednesday stuck to his guns, giving South Africa a concise picture of its public finances, and told all and sundry, including his Cabinet colleagues and fellow MPs, to prepare themselves for a bumpy ride ahead.
Mboweni used his second Medium-Term Budget Policy Statement (MTBPS) to ask unions to work with him in reducing the state wage bill, adding that government ministers on their part would take a salary freeze, and that in all probabilities, would earn less in the future than they are currently used to.
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