Tito takes a hard line at long last. The much-anticipated Budget Speech felt like Tito Mboweni has at last acted as an economist would by cutting state salaries, which although fiscally responsible, will come with a sting in the tail politically. The thorn in the side though is the R16b which has been extended to SAA as an injection – surely this is just “good money after bad?” Maybe it’s time to let SAA and Dudu Myeni both fall from their lofty heights and become creatures of the past. Apple has projected a $4b loss in profit because of coronavirus and their inability to obtain stock from China. And has the ANC failed the children of this country? Brought to you by Nando’s.
