Mboweni said that the country should look toward merging its state-owned airlines to remove the need for duplicate boards and chief executives officers and could sell the explosives unit of state arms company Denel to AECI, a privately owned explosives company.
The finance minister also said that a new commissioner of the South African Revenue Service will be appointed next week and a new board for the Public Investment Corp., which manages the pensions of South African state workers, will be constituted within two weeks. Both institutions have been embroiled in scandals.
Once the current set of challenges facing the National Treasury have been resolved, Mboweni said he would like to return to the private sector. Mboweni has served as chairman of AngloGold Ashanti and as an adviser to Goldman Sachs Group. “I am on public record saying it is time for old people to retire and it is time for young people to run the country,” said Mboweni, who is 60 years old.
Mboweni also called for stronger action against those who committed corrupt acts during the tenure of former president Jacob Zuma, saying that what happened at the national revenue service was “treasonous.”
He's looking to hand over state assets to settle government loan from China.
He asked Pravin out of all people?
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 »
Source: BDliveSA - 🏆 12. / 63 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 »
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 »
Source: News24 - 🏆 4. / 80 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »