Keyword: Budget 2015

Minister Nene's Budget 2015 Exposes South Africa's Poor Economic Policymaking Agenda

Picture: South Africa Ebrahim-Khalil Hassen - Finance Minister Nhlanhla Nene, in his inaugural budget speech, offers this piece of wisdom, “The challenge of governance is to choose wisely between competing alternatives.”  This takeaway statement is as true of Minister Nene’s inaugural budget speech, as it is about each of his predecessors. However, underlying these choices is deep polarisation in South Africa. On the one hand, mainstream commentators from financial institutions are praising a lower than expected...