Finance minister Tito Mboweni to consult on Nugent recommendations

Finance Minister Tito Mboweni will lead a “consultative process” to amend the SA Revenue Service Act to improve governance and accountability, including the possible establishment of an inspector-general.

Nugent found that most failings at Sars stemmed from a “massive failure of governance and integrity” under former commissioner Tom Moyane. One of the key recommendations was the urgent appointment of a Sars commissioner. The appointment of the new commissioner, Edward Kieswetter, was announced after the cabinet meeting.

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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 »

Tito Mboweni: Don’t make state ownership a religionIn an interview on Power FM the finance minister again questioned the logic of hanging on to loss-making state companies 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 👏🏽👏🏽 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
Source: BDliveSA - 🏆 12. / 63 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 »

'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. He asked Pravin out of all people? He's looking to hand over state assets to settle government loan from China.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Tito Mboweni warns axing e-toll debt erodes the budgetThe finance minister calls on the embattled Sanral to reverse its decision not to pursue e-toll debt What isgoing to happen to those who were summoned to court regarding the etall does it mean the summoning is automatically banned Socialism and communism erode the budget Of course. We are taking some of the corrupt ANC leaderships ways of stealing from South Africans aeay from them. Simple
Source: BDliveSA - 🏆 12. / 63 Read more »

Zimbabwe’s finance minister in new attempt to get loans from SAMthuli Ncube seeks funding from South African companies for Zimbabwean firms to buy locally sourced equipment Tell him we don't have it Make up your own bed. !!You all chased off the productive people in Zimbabwe and voted for Mugabe and his regime. Live by it. ZANU-PF living in South Africa have joined EFF ? mailandguardian
Source: BDliveSA - 🏆 12. / 63 Read more »

Finance Minister slams Sanral's e-toll decisionFinance Minister Tito Mboweni says the roads agency has not considered the overall financial implications for the country. Tito Mboweni doesn’t bow to popular political utterances. He would rather be right & contrarian than wrong & popular. We need officials who can make hard and unpopular decisions. SANRAL’s decision wreaks of electioneering without fiscal prudence and sound management principles Its unlawful, should never have been built. I suppose this Minister can afford to pay for all of us🤔
Source: eNCA - 🏆 49. / 51 Read more »