Mboweni to table his budget speech in the midst of a stagnant economy

mboweni to table his budget speech in the midst of a stagnant economy

Finance Minister Tito Mboweni will on Wednesday table the much anticipated budget speech in the midst of a stagnant economy due to among others the COVID-19 pandemic and record high unemployment levels.

The figures the Statistics South Africa released on Tuesday put the country’s unemployment rate at 32.5%, with seven million people officially without jobs and 60% youth unemployment.

Statistician-General Risenga Maluleke says more people are actively looking for employment: 

[embedded content]

[Thread] South Africa’s #unemployment rate increased by 1,7 percentage points to 32,5% in Q4:2020 compared to Q3:2020.

Read more here: https://t.co/Tn5PqWiA9q#StatsSA #employment pic.twitter.com/kayLZW4K41

— Stats SA (@StatsSA) February 23, 2021

ANC MP Noxolo Abraham says they expect Mboweni to announce more funding for coronavirus vaccines as the country starts to vaccinate health care workers as well as a solid economic recovery plan.

“We expect [that] the minister will talk to the provision of sufficient funding for government’s response to the challenges that are facing our country – an aggressive vaccine roll-out to protect front line workers the most vulnerable groups. An additional building [of] our own capacity to manufacture vaccine or in line to economic reconstruction and recovery [plan],” adds Abraham…

Want to know more click here go to source.

From -
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.