SA needs deep structural reforms or it's 'game over', says Tito Mboweni
Tito Mboweni is dismayed with SA's economy and has called for the country to rid itself of “structural reforms inertia”.
In a series of tweets, the finance minister said it was time for SA to get moving by taking “many steps at a time”.
Referring to himself as a contrarian, he added: “Throughout history, those who wanted to change society have not been conformists but contrarians. I am on the faction of contrarians.”
Throughout history, those who wanted to change society have NOT being Conformists but Contrarians. I am on the faction of Contrarians! Slaughter and burn us at the stake!! History is on our side!! “Cry Havoc”!!
— Tito Mboweni (@tito_mboweni) January 10, 2020
Mboweni said the country was headed for “game over” if structural reforms were not implemented.
“Stay as you are and you are downgraded to junk status,” he added.
If you cannot effect deep structural economic reforms, then game over! Stay as you are and you are down graded to Junck Status!! The consequences are dire. Your choice. Yep!! Askies!!
— Tito Mboweni (@tito_mboweni) January 10, 2020
You were warned and chose to ignore the wise warnings!!
— Tito Mboweni (@tito_mboweni) January 10, 2020
Structural Economic Reforms Inertia is frustrating. Let’s get on with it. Movement!! Many steps at a time!!
— Tito Mboweni (@tito_mboweni) January 10, 2020
What are critical Economic Strategic Reforms? Read the National Treasury now Government Document! Let us move Forward! Many Steps at the same Time!! Movement!! No time for procrastinating!!
— Tito Mboweni (@tito_mboweni) January 10, 2020
Reactions
Mboweni's frustrations were met with mixed reactions on Twitter.
Here is a snapshot: