Tito time Wise words are not enough to fix South Africa's economy


- economist.com | a month ago

Wise words are not enough to fix South Africa’s economy The country’s reformist finance minister bumps up against political realityMiddle East and Africa Feb 26th 2020JOHANNESBURGFacebookTwitterLinkedInTWO DAYS before he outlined South Africa’s budget, Tito Mboweni shared a Photoshopped picture of himself in a spacesuit.

The caption read: “man on a mission”. It was characteristic skylarking by the finance minister, an ebullient reformer who spends much of his time warning colleagues in the ruling African National Congress (ANC) that unless the economy is overhauled the country faces ruin.

On February 26th political gravity brought Mr Mboweni down to earth.

read full story @economist.com