Floyd Shivambu And Tito Mboweni Exchange Words On Twitter

On the day of the announced recession, Mboweni said “The SA economy is strong enough to recover. We will work harder together.”

Mboweni: “The SA economy is strong enough to recover. We will work harder together.” picture from TimesLIVE

Floyd Shivambu exchange words with the Minister of Finance Tito Mboweni on Twitter on the 3rd of March. It all began when the minister of finance, said the South African economy is strong enough to obtain what has been lost.

This comes just after South Africa started to be in a bad state and on its third recession on Tuesday since 1994.

As stated by the Stats SA a substantial decrease was recorded from the previous quarter. It seems 2019 ended badly for South Africa, as 1.4% was removed on our GDP. This follows a drop of 0.8% in Q3.

Of course, Q4 in 2019 was when the dreaded Stage 6 of load shedding was carried out.

On the day of the announced recession, Mboweni said “The SA economy is strong enough to recover. We will work harder together.”

The positive tweet which, in his mind thought it was going to inspire South Africans, instead started a Twitter war. Not only did Tweeps butcher his timeline, but one of the EFFs also came out with full force and energy.

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“What’s the scientific basis of a ‘strong enough’ economy whilst it’s shrinking, shedding jobs, shrinking the revenue base without major shifts in the global economy? This is neo-liberal sloganeering and the reality is that you’re directionless and you don’t know what will happen,” Shivambu angrily responded to a tweet.

Shivambu fought about how South Africa and its economy can be strong enough if there are a swift unemployment rate and growing debt.

The minister of finance decided to hit back on Shivambu and educate him a bit since he believed that he didn’t know what he was talking about: “ One needs to understand and internalize: History, Race, Class and das Kapital. The colonialism of a societal Type in SA  and how to transform it and create a new economy. Dialectical and Historical Materialism. That’s the challenge we must deal with. No simple slogans.”

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Shivambu then tweeted back speaking for the people: “I think we understand that far much better than you do Mr. Tito Mboweni! You, on the contrary, issued a neo-liberal pamphlet called an economic recovery plan, which was not consulted with your colleagues and not conceptualized by you. You still haven’t come with a single original idea.”

It had already reached a point where Tito Mboweni couldn’t hit back.

On the day Mboweni made his Budget Speech Shivambu said the Red Berret was more concerned about the high rates of unemployment in the country and an economic recession where there is no growth.

According to Newsroom Afrika, Shivambu said President Cyril Ramaphosa and Tito Mboweni are not trustworthy.

“Ramaphosa, Tito Mboweni, all of them are not trustworthy, you cannot trust any of them in terms of coming up with solutions”

“Anyone who believes what Tito Mboweni says is a fool, he will just acknowledge the crisis but there’s no believable solution,” he stated.



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