Mmegi

Worse than we thought: Gaolathe on first sight of budget numbers

Seeking pathways: Gaolathe, the new Vice President, has his work cut out for him with the Finance Ministry portfolio PIC: PHATSIMO KAPENG
Seeking pathways: Gaolathe, the new Vice President, has his work cut out for him with the Finance Ministry portfolio PIC: PHATSIMO KAPENG

New finance minister, Ndaba Gaolathe, says he and President Duma Boko may have to cut their salaries for at least a year, as his first look at public finances has shown a deeper crisis than expected. MBONGENI MGUNI writes

The country’s vice president and finance minister, Ndaba Gaolathe, says the state of public finances is worse than the new administration expected to find. Addressing journalists on Thursday, three days after he was appointed Finance Minister, Gaolathe painted a grim picture of the budget.

“What I can say is that the situation is bad, worse than what we had thought.

Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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