Michael Nassen Smith

Stories by: Michael Nassen Smith

20 February 2019: Tito Mboweni (right) and President Cyril Ramaphosa during the budget speech in Parliament. It was Mboweni’s first annual budget speech as minister of finance. (Photograph by Gallo Images/Jeffrey Abrahams)

And the poor suffer what they must?

The latest national budget suggests a turn to austerity. But that tactic has failed, most recently in Europe, where limited tax increases favoured the rich, not the poor.

By: Michael Nassen Smith
20 Mar 2019