Tito Mboweni: Don’t make state ownership a religion

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Tito Mboweni: Don’t make state ownership a religion
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In an interview on Power FM the finance minister again questioned the logic of hanging on to loss-making state companies

Minister of finance Tito Mboweni. Picture: ESA ALEXANDER

Mboweni has asked minister of public enterprises Pravin Gordhan for a list of non-core state assets and has been provided with an “extensive list”, he said while being interviewed and answering questions from callers on Power FM radio on Sunday night.Mboweni, a former Reserve Bank governor who took office in October, has repeatedly questioned the logic of holding onto loss-making state companies, raising the ire of the labour union allies of ANC that oppose privatisation.

The finance minister also said that a new commissioner of the SA Revenue Service will be appointed next week and a new board for the Public Investment Corporation, which manages the pensions of state workers, will be constituted within two weeks. Both institutions have been embroiled in scandals.

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BDliveSA /  🏆 12. in ZA

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