Tito tried to WARN us | Bheki Mahlobo

Tito Mboweni's warnings to rein in government expenditure went unheeded during his tenure as Minister of Finance. In this clip from an exclusive client webinar, Bheki Mahlobo of the CRA explains why the former Minister's growth projections were so low.
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[@16sputnik7]

Erm, no thanks. Why would I pay to have my own demise parroted to me?

[@josierussell3290]

We need to manufacture for the world like China did. Time for private economy not government . Give us the freedom and get rid of 99% of penpushes and government. Get government out of businesses and let the professionals do their thing.

[@ruthlongridge2137]

Fir a start, we could manufacture for ourselves...

[@billybaaa2871]

Its simple why it's so low ... who the hell will put money into anything in this country if the goverment will take it without compensation

[@gamejunkie6519]

are they taking everything or land?

[@billybaaa2871]

@@gamejunkie6519 property is land building. Money in your bank . Your fridge. Your dog .. your clothes on your back... property is a sweeping term

[@janvanheerden265]

The only reason our economy grew was due to worldwide economic growth. In relation to other countries our growth was pedestrian and ANC cannot take credit

[@michaelillingworth7946]

I tell it like it is, the shadow government are loyal to the nwo Satanist agenda and declared war us, WE THE PEOPLE ARE THE LAW and we will take back what is ours.

[@fieliessa9180]

Many of us( not experts, but follow GDP and politics) were socked when Mbeki was removed as he was brilliant. And the graphs shows it. He was the first president whose government had a budget surplus. I don't want to be arrogant, but I can assume a couple more years of that would have made a huge difference to SA's prosperity. But then Zuma came... And he is still not gone...

[@nigelnaylor2556]

Tito as not removed. He asked to be relieved as he knew what was coming! That is wisdom... he was beween a rock and a hard place.

[@16sputnik7]

"Mbeki was brilliant." How, exactly?

[@thusspokezarathustra]

If you study employment stats pre-1994, you will find that employment peaked in 1990 and ever since unemployment numbers have steadily grown. If you know anything about economics, you would understand that it is not a good situation having a state revenue surplus. As inversely a state surplus means less money and more debit created in the private secure. Have you ever questioned what happened to that surplus revenue?

[@The_Channel_about_everything]

Clearly you do not know what you are talking about. You listen too much propaganda from mainstream media. Do some digging you will uncover some shocking news

[@Speed-shooter]

Bheki Mahlobo has more brains and understanding than any ministers in the ANC. Hence here is the problem with SA. We need people with brains not communist ideology.

[@Septumsempra8818]

What happens when the communists were part of the liberation of this nation?

[@Speed-shooter]

@@Septumsempra8818 first off they didn’t liberate anything. Second of all communism has never worked. You have just proven my point about brains in this country with your comment.

[@jacklee7505]

@@Speed-shooter ...hes a shill

[@alphaomega5721]

Growth policies are anti ANC because the ANC power base comes from those voters dependant on the state. They crave power and would rather be in power in a failed state than not in power in a working state. Govts only have 3 revenue streams open to them: borrow via the bond market, tax or steal future value by printing. Our tax base is both small and shrinking, increasing political risk sees rising rates required for us to borrow, so printing it is. Expect R100 to the USD. Do not invest in fixed assets in this country. The first warning shot of 51% local ownership of local companies was fired recently with the signing of the amendment to the PSIRA bill, where security companies in SA have to have majority 51% local ownership. And with the colour based rhetoric of the ANC that will become a 51% black ownership. If the ANC are allowed to continue along this path they will legislate and inflate this country into Zimbabwe.

[@wouterdewet1155]

The price of incompetence is far higher than the price of corruption will ever be.

[@hedleyfurio]

Great presentation Bheki - This country needs way more people like you

[@dk.650]

SA is at the fiscal cliff. ANC has pushed SA towards, stuck between a rock and a hard place. ANC must get out of the way, stop their grabbing and allow business to flourish.

[@moonloon5859]

But, that's what the ANC wants. They are communist, it's in their manifesto, and look at the other two parties in the tripartite. Who actually chooses to vote for the Communist Party or Cosatu, who is so left of socialist that they're communist? No one has a choice. The tripartite government must be broken apart. They want everyone - except for the ruling elite - to own nothing and be reliant on the state for everything.

[@lorenzmielke5125]

He would have had "secret" insider knowledge and would have been barred (NDA) from making it known to the broader public.

[@berealistic]

force banks to start offering unsecured loans with 10% of their earnings so that small enterprizes can kick off and unemployment will be solved within 10 years. money moves in a circle and game theory will triumph where the poor becomes excluded more and more...get money to the entrepreneurs at ground zero!

[@fieliessa9180]

Well done Bheki. A great presentation and interpretation. I have one question. How sure is he that Tito hinted to "no reform"? What if he considered lingering effect of post-COVID recovery(And even the international markets)?

[@basilrichards4205]

Excellent - thanks

[@ralphwebster8318]

Bheki Mlhobo is very sobering and articulate. Enjoyed his analysis

[@bngmln5326]

Will the Anc be capable of paying salaries of the civil servants as from 2022

[@davidnicholls7532]

The real issue is the failure of the electricity industry to supply energy for any economic growth post 2007.

[@donaldgray2128]

Stealing and grabbing is the plan

[@Septumsempra8818]

Ouch