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  • Agri SA congratulates the Minister of Finance, Tito Mboweni, on his first Medium-Term Budget Policy Statement (MTBPS) as it contains several promising policy indicators.

  • "The general assumption that the interest rate policy of the Reserve Bank and all the other central banks in the world can contain inflation, protect the exchange rate and promote economic growth by stabilising prices is the biggest single delusion in total economic science," says Fanie Brink, an independent agricultural economist.

  • In the press conference, which wasn’t very long, Mboweni managed to slay 10 holy cows. You don’t have to agree with all his views to see that he is a breath of fresh air. Mboweni is clearly no fan of the mooted expropriation without compensation law which the ANC is putting through Parliament.

  • SUBMISSION TO THE HONOURABLE MINISTER OF FINANCE -

    South Africa - FEBRUARY 2019


    The Honourable Minister of Finance, Mr Tito Mboweni, has called on South Africans to send him and his team ideas on how South Africa can boost its economic growth. The Treasury said in a statement on 24 January 2019 that the Minister would like to hear from South Africans about how the country can achieve faster and more equitable growth, and what the government can do differently to grow the economy.1)
    It is a privilege to have this opportunity and a pleasure to present this submission to the Minister of Finance.


    Fanie Brink
    _____________________


    An independent agricultural economist, advisor and mentor with more than 40 years of experience in the agricultural industry in South Africa. He was for almost 22 years a Senior Agricultural Economist with Agri SA and Deputy General Manager: Research and Development with Grain South Africa. He was the most of his career directly involved in the profitability and sustainability of grain and oilseeds production, food security and the
    development of a biofuels strategy for the government. He is also a member of a group of 30 economists in the country who evaluate and predict the state of the economy in South Africa on a monthly basis for the Business School of the University of Stellenbosch. He obtained a BSc-Agric degree from the University of the Free State in 1974 and a MSc- Agric degree from the University of Pretoria in 1978.

  • Agri SA hoop die 2019 begroting sal positiewe verbintenisse lewer wat doeltreffend geïmplementeer sal word om die begrotingstekort te beperk en ekonomiese groei te ondersteun. Agri SA sien uit na die Minister van Finansies, Tito Mboweni se eerste Nasionale Begrotingsrede. 

  • In a hard-hitting Budget that bluntly put a daily R1-billion price tag on borrowing costs, Finance Minister Tito Mboweni pulled off a political juggling act “in the interest of our people and our country, and not in the narrow objectives of any political party”.

  • “Die ANC-regering se aanslag op die Reserwebank is nou groter as wat dit ooit voorheen was na die uitsprake deur president, Cyril Ramaphosa, in die staatsrede wat hy gister in die parlement gelewer het,” sê Fanie Brink, ‘n onafhanklike landbou-ekonoom.

  • Finance Minister Tito Mboweni’s economic policy document has a snappy 30-word summary of where the country finds itself:

  • Policy confusion, expropriation without compensation and economic instability will foil Minister Tito Mboweni’s good economic intentions. This is according to TLU SA, commenting on Mboweni’s release of the Treasury’s economic policy document on 27 August.

  • “The rise in economic growth for the second quarter of 3,1% released by Statistics SA today still shows that the likelihood is not good that the economy will grow this year despite this improvement.

  • In its August 2019 economic strategy, Treasury outlined the laudable objective of increasing agricultural exports by R6 billion over the next ten years.

  • Over the past decade South Africa’s public finances have come under more and more strain.

  • Ahead of his Medium Term Budget Policy Statement (MTBPS) on Wednesday 30 October 2019, the SA Canegrowers Association (SACG) and the South African Farmers’ Development Association (SAFDA) call on Minister Tito Mboweni to halt the sugar tax, pending a full socio-economic impact assessment of it.

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