Maverick Tito Mboweni freewheels on his 2019 Budget - the full presser

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What a difference a year makes. South Africa's recently appointed minister of finance Tito Mboweni was in great form this morning addressing a packed press conference where he fielded questions around taxpayers' R23bn a year capital injection into Eskom (Tito doesn't like it being called a "bailout"); what would happen if Moody's were to downgrade SA; the need for some South Africans to shed their Soviet Union mindset; why he'd prefer to put money into railways and taxis rather than SAA and the SABC; the troubles at the PIC; and a whole lot more. Have a listen - it's fun and serious, focused and rambling. But without doubt a masterclass in communications from the South African cabinet's most active user of Twitter (that gets a mention too). - Alec Hogg     Learn more about your ad choices. Visit megaphone.fm/adchoices
20 Feb 2019 4AM English South Africa Investing · Business News

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