Mboweni cuts business flights and fancy cars for public officials

Loading player...
Finance Minister Tito Mboweni outlined the cost of fiscal leakage and wastage in South Africa in his mid-term budget and says he is planning to end the huge wastage of public resources. Mboweni said one of the high costs to the government is litigation. He is also taking measures to cut the travel expenses of public officials by mandating economy class domestic flights and he is setting a new ceiling for official vehicles. Biznews' Alec Hogg's frugal choice of shoes got a mention as well. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
30 Oct 2019 9AM English South Africa Investing · Business News

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min