Budget 2019: 'SA is borrowing R1,2-billion everyday'
Finance Minister, Tito Mboweni says government will be tackling the high cost of data.
Mboweni made the announcement during his 2019 Budget Speech yesterday.
South Africans are among those who pay the most just to be connected to the rest of the world online. Mboweni says the Communications Ministry will be handling the matter.
"The Minister of Communications will shortly be issuing policy directives to ICASA for the licensing of spectrum. I will work relentlessly with the Minister until this matter is resolved at last. This includes resourcing ICASA for this mandate."
Meanwhile, Mboweni says the country will be spending more than what it earns in 2019.
"We expect revenues to be about R1,58-trillion. And spending is going to be slightly higher. This means we will be spend R248-billion more than what we earn. We are borrowing about R1,2-billion every day," Mboweni said.
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