Tito Mboweni: Don’t make state ownership a religion

Minister of finance Tito Mboweni. Picture: ESA ALEXANDER

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 on Sunday night.Mboweni, a former Reserve Bank governor who took office in October, has repeatedly questioned the logic of holding onto loss-making state companies, raising the ire of the labour union allies of ANC that oppose privatisation.

The finance minister also said that a new commissioner of the SA Revenue Service will be appointed next week and a new board for the Public Investment Corporation, which manages the pensions of state workers, will be constituted within two weeks. Both institutions have been embroiled in scandals.

so lets see..TitoMboweni wants to sell off the good stuff that makes a profit (cos its easy to sell and there are buyers)and then most likely pour all the money into the lossmakers that means in the end the taxpayer has all the loss makers(still) and all the good stuff is gone

I love Tito”s frankness, it won’t earn him a lot of friends in the tripartite that promotes corruption and state capture, but speak Minister you’ve supplied the aloe medicine 👏🏽👏🏽

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'Be careful not to elevate state ownership to a religion', warns Tito MboweniFinance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. But why can't the state operate these state companies successfully when they have the advantage of not having to generate any profits? How come? Can’t wait for 8 th of May WHY SHUD WE TAKE YOU CRUSLY FIRST?
Source: TimesLIVE - 🏆 28. / 59 Read more »

'Be careful not to elevate state ownership to a religion', warns Tito MboweniFinance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. SpheDludla Auction loading Totaymissing tve point.SOEs are arms of the State to ensure that it delivers on its Constitutional Mandate.Who does PG report to? On whose Mandate is Tito callitfor privatization of SOEs? These two Cdes are a law unto themselves in the ANC, now we have other centres of power beside the ANC, MYANC must act decisively to deal with these two, on whose mandate are they doing what they are doing, privatization of states assets should be opposed
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Tito Mboweni blasted on social media for claiming SA is too 'Africanist''You go get to the airport through immigration, most of the immigration officials would be Africans, yet they should really be representing the demographics of the country, which is black and white, male and female.' Tito is right. We cry when companies are all white 🤣🤣🤣🤣🤣🤣🤣 Why is that same emphasis made on senior management of private sector companies as well? We can't have 50/50 numbers because Indians ,colourds and white are the minority, but I do think that we should ensure that every sector represents our diversity.
Source: TimesLIVE - 🏆 28. / 59 Read more »

'Be careful not to elevate state ownership to a religion', warns Tito MboweniFinance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. SpheDludla Auction loading Totaymissing tve point.SOEs are arms of the State to ensure that it delivers on its Constitutional Mandate.Who does PG report to? On whose Mandate is Tito callitfor privatization of SOEs? These two Cdes are a law unto themselves in the ANC, now we have other centres of power beside the ANC, MYANC must act decisively to deal with these two, on whose mandate are they doing what they are doing, privatization of states assets should be opposed
Source: SundayTimesZA - 🏆 47. / 51 Read more »

'Be careful not to elevate state ownership to a religion', warns Tito MboweniFinance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. But why can't the state operate these state companies successfully when they have the advantage of not having to generate any profits? How come? Can’t wait for 8 th of May WHY SHUD WE TAKE YOU CRUSLY FIRST?
Source: TimesLIVE - 🏆 28. / 59 Read more »

Mboweni warns of elevating 'state ownership to a religion'The finance minister says a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Fin24 so in house does he sell his house furniture when he does not have money mara...👀 he is a rare breed of economist this one!!! Fin24 Will he guarantee that not a single job will be lost etc. Just poking the situation with hanging questions like a he's poking meat on a braai stand is silly Fin24 Yhoo!! The sooner we retire this pro capital minister the better for the black majority.
Source: News24 - 🏆 4. / 80 Read more »

Tito Mboweni blasted on social media for claiming SA is too 'Africanist''You go get to the airport through immigration, most of the immigration officials would be Africans, yet they should really be representing the demographics of the country, which is black and white, male and female.' Tito is right. We cry when companies are all white 🤣🤣🤣🤣🤣🤣🤣 Why is that same emphasis made on senior management of private sector companies as well? We can't have 50/50 numbers because Indians ,colourds and white are the minority, but I do think that we should ensure that every sector represents our diversity.
Source: TimesLIVE - 🏆 28. / 59 Read more »