Explainer: Why David Mabuza's comments on Tito Mboweni are important

Explainer: Why David Mabuza's comments on Tito Mboweni are important

Deputy-President David Mabuza's comments on Finance Minister Tito Mboweni were an opportunity to throw some shade his way. Briefly.co.za explores the reasons why Mabuza's lashing has deeper meaning.

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During his recent question-and-answer session in Parliament, Deputy President David Mabuza reserved some stern words for Tito Mboweni.

Briefly.co.za reported earlier this week that Mabuza had said he could not 'take the minister of finance seriously when he makes comments' in response to a question on the privatisation of state-owned entities.

Mabuza had been referring to Mboweni's statements on 'strategic equity partners' for enterprises such as Eskom. The state appears to have little choice left but to attract external investors to keep embattled entities afloat.

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READ ALSO: Deputy President David Mabuza takes aim at Tito Mboweni in Parliament

The deputy's comments are a double-edged blade. Firstly, they indicate rifts within both government and the ANC, with different views on the privatisation of SOEs on public display.

Secondly, and perhaps the most important issue, is that the man who is one move away from president of both South Africa and the ANC has dismissed the opinion of the Finance Minister.

While Mboweni and Public Enterprises Minister, Pravin Gordhan, attempt to revive embattled SOEs, the stability of the nation's economy arguably hangs in the balance. While widespread reports of looting and alleged corruption abound, attracting investors is key.

According to News24, investors definitely take the Finance Minister seriously, so Mabuza's comments seem unlikely to scare anyone off.

Ahead of the 2019 elections, however, the ruling party appears to lack the unity and cohesion they insist is firmly in place.

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Source: Briefly.co.za

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