Thursday, 17 October 2019 15:27

Minister of Finance Tito Mboweni has announced that the date for the mid-term budget policy statement has been changed again from October 30 to October 29 in order to accommodate President Cyril Ramaphosa’s schedule. 

He made the announcement this morning during his opening remarks for the third colloquium on the South African economy in Pretoria. 

Mboweni told journalists that Treasury had initially pushed back the date to October 30 from the 23 to align it with Ramaphosa’s engagements but the President will not be in the country at the time.

He also called the third colloquium to discuss the updated economic strategy paper released by Treasury in August entitled, "Towards a growth agenda for the South African economy".

Those present at the meeting included Deputy Minister David MasondoDirector-General Dondo Mogajane, members of Ramaphosa’s council of economic advisors, prominent economists and academics and senior government officials.

The final economic strategy paper is expected to be presented together with the mini-budget added Mboweni.

Meanwhile Cosatu and the SACP were against the labour reforms proposed in the paper and complained about the manner that Treasury released the paper without consulting. 

The much-contested paper received over 700 comments from the public.