Tito Mboweni polls Twitter for budget ideas

Newly appointed South African Finance Minister Tito Mboweni is sworn in, in Cape Town, South Africa, October 9, 2018. 

File: The markets generally welcomed the appointment of Finance minister Tito Mboweni, and various bodies have also been offering their advice.

Reuters

CAPE TOWN - The newly-appointed Finance Minister Tito Mboweni is calling for radical ideas ahead of next week’s mini-budget.

In a Twitter post, the Minister is asking South Africans for ideas.

Various users responded, calling for a VAT decrease and a realignment of the SOE’s.

 

READ: 'Tito Mboweni, Sha Sha': Twitter welcomes new finance minister 

This will be Mboweni’s first task since his appointment. He replaced Nhlanhla Nene.

The markets generally welcomed the appointment, and various bodies have also been offering their advice.

READ: Positive response to Mboweni's appointment

The CEO Initiative says the Medium-Term Budget Policy Statement is an opportunity to create a more business and investor-friendly legislative and would serve as a foundation for higher levels of inclusive growth and job creation.

They are calling for an operating environment which is more supportive of investment activities.