Floyd Shivambu: 'Mboweni's budget speech was overall underwhelming'

Floyd Shivambu: 'Mboweni's budget speech was overall underwhelming'

- Floyd Shivambu described Finance Minister Tito Mboweni's medium-term budget policy statement as underwhelming

- He does not feel that Mboweni's budget will save the country's economy

- Shivambu said Mboweni's policy has no strategies to ignite economic activity in SA

PAY ATTENTION: Click "See First" under the "Following" tab to see Briefly news on your News Feed!

The EFF's Deputy President Floyd Shivambu was not very impressed with Tito Mboweni's medium-term budget policy statement on Wednesday.

In fact, Shivambu described the budget as underwhelming. He does not believe that Mboweni's budget will save South Africa's economy.

Overall, his maiden mid-term policy statement was underwhelming. There is no strategies to re-ignite economic activity in South Africa.

He added that this budget couldn't have left South Africans with renewed hope, according to a report by EWN.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

Shivambu said that workers should be worried as it looks like Mboweni will be cutting on public service.

However, Mboweni made a number of important changes that could be seen as positive, as reported on by Briefly.co.za.

Here's what Shivambu had to say:

READ ALSO: Explainer: Why foreign investors are not investing in South Africa

Do you have news that might interest us? Message us on our Facebook page and we could feature your story.

Check out the funny Cartoon Comedy: What Happened To Mary? and head over to Briefly South Africa's YouTube channel for more awesome videos.

To stay up to date with the latest news, download our news app on Google Play or iTunes today.

Source: Briefly.co.za

Related news
Vytjie Mentor retracts testimony in state capture investigation

Vytjie Mentor retracts testimony in state capture investigation

Vytjie Mentor retracts testimony in state capture investigation
Briefly.co.za
Mailfire view pixel