Godongwana has ruled out the creation of a new state bank.
Trust Twitter to share their opinions about what’s happening the country. A recent tweet by for Minister of Finance, Tito Mboweni has rubbed many the wrong way and they have all reacted to it on social media.
Mboweni shared that “economic transformation is not going to happen in South Africa without a State Bank”. According to him, the current banking and finance system in the country is not geared for transformation. He opines that “we need a disruption”. The disruption being “a State Bank!!”. He also further stressed that “without access to Finance Kapital, we are in a breakfast picknic”.
You may wonder why his tweet has been getting a lot of negative reactions if it actually means well. Several tweeps have dragged him for being a “hypocrite”, and a politician who only speaks when he isn’t in the position to do anything.
According to them, Mboweni tweeted about a State Bank before he became the finance minister. However, he went silent when he was on seat. They are pissed that he’s talking about it again when it is obvious that he isn’t there anymore. Check out the tweets below.
Economic transformation is not going to happen in South Africa without a State Bank. The current banking and finance system is not geared for transformation. We need a disruption. A State Bank!! Without access to Finance Kapital, we are in a breakfast picknic!
— Tito Mboweni (@tito_mboweni) March 23, 2022
You are taking us for a ride now.
You ridiculed calls for the formation of a state bank during your tenure as the Minister of Finance.
Please sit down.
— Engineer Matšhela Koko, MBL (@koko_matshela) March 23, 2022
You've been a Governor for ages & Finance Minister. What did you do for transformation ?
Kokwani, the best transformation lies on access quality Education, Skills & growing up the Economy for ALL to find jobs & do business for growth, prosperity & development.
Lame excuses 🚮 pic.twitter.com/YiQx9UM5ZV
— Max Khalanga 🇿🇦 (@Max_Khalanga) March 24, 2022
@tito_mboweni please don’t insult our intelligence. When you had power as #MinisterOfFinance to do something about the establishment of a #StateBank you did nothing to execute that @MYANC Conference Resolution. In fact you trashed the idea. Soos ons in Afrikaans sê; Jou moer man!
— Carl Niehaus (@niehaus_carl) March 24, 2022
When Mr Mboweni was Min of Finance he never created a state bank, but he did grant a banking licence to Goldman Sachs, who he works for now & worked for before he was appointed Min of Finance.
He kept our pvt sector dependent on banks for R supply & state dependent on pvt sector.— Buddy Wells (@BuddyWells1) March 24, 2022
You waited until you got removed so you can tell us "it is not going to happen". Please don't be boring.😏 pic.twitter.com/INTxHG84Gt
— Top Dog!!!🇿🇦 (@TopThestreets) March 23, 2022
