Oct 21, 2026 · 43 min · 8 segments
The Aubrey Masango Show is presented by late night radio broadcaster Aubrey Masango. Aubrey hosts in-depth interviews on controversial political issues and chats to experts offering life advice and…
Frank MagwegweGuest
Aubrey MasangoHost
And I think for me, two things that struck me, and you often... you know, kind of speak up about that, you say, to solve a problem, to make progress, you must first accept reality.
What actually is going on? And in your intro, you said exactly that, that the minister was very honest around where are we doing well, state of the world, inflation outlook, interest rate outlook, for example, more infrastructure, more resources into crime fighting, as an example, right? And what else can we do around...
And so I thought, wow, if a government that manages billions and billions in revenue from our taxes mainly and corporate tax, is this discipline, it's expected by investors that in October, every year, you have the minister kind of taking stock of the world.
One of the opening lines in this speech was, Dear President and Madam Speaker, since the last budget, there has been increasing conflict in the Middle East and it has had these consequences.
And I say to myself, if we have it October and February, what stops us as individuals to give sort of a rhythm in that discipline where we also check a promotion, we move to houses, kids are in high school or we're in emptiness, and also you have kind of the discipline to really check in where you are.
That's kind of the link to the overall, and we'll go in a little bit and just give our wonderful listeners and good evening to our listeners, kind of what's the good news there for you.
And then I also thought, why does the government do it? It's to keep investors kind of abreast of what's happening in South Africa, fiscal discipline.
And if we take it to our own finances and individual, kind of that planning and sense of control also reduces financial stress, reduces financial...
And so our listeners, we want them to contribute and share firstly, kind of their understanding of the role of this mini budget, and do they get inspiration from it to do better with managing their own finances? Sit as a household, I guess, kind of discuss where we are, where do we need to tighten, where do we need to more, pat yourself on the back, like the minister was saying, you know, debt as a percent of GDP is nicely falling and so we want to have that physical discipline it's a bit of like petting yourself on the head so that's kind of the link
for me do you have occasional mini budget conversations in your home One of the things that I have become aware of, Dr. Frank, is how difficult it is to look squarely at your financial situation.
As interest rates rise without the rising of the value of our salaries, we are forced to make changes in the way that we think about stuff.
And sometimes things like the medical aid for those who have it is the first thing to be considered as to whether or not it stays or goes.
Or downgraded or perhaps look at a hospital plan of some sort or whatever the case may be.
Insurances are usually some of the things that people start to look at because I can't afford that kind of thing.
Perhaps looking at downgrading the quality of my children's education from private school perhaps to a Model C school.
And I think for me, two things that struck me, and you often... you know, kind of speak up about that, you say, to solve a problem, to make progress, you must first accept reality.
What actually is going on? And in your intro, you said exactly that, that the minister was very honest around where are we doing well, state of the world, inflation outlook, interest rate outlook, for example, more infrastructure, more resources into crime fighting, as an example, right? And what else can we do around...
And so I thought, wow, if a government that manages billions and billions in revenue from our taxes mainly and corporate tax, is this discipline, it's expected by investors that in October, every year, you have the minister kind of taking stock of the world.
One of the opening lines in this speech was, Dear President and Madam Speaker, since the last budget, there has been increasing conflict in the Middle East and it has had these consequences.
And I say to myself, if we have it October and February, what stops us as individuals to give sort of a rhythm in that discipline where we also check a promotion, we move to houses, kids are in high school or we're in emptiness, and also you have kind of the discipline to really check in where you are.
That's kind of the link to the overall, and we'll go in a little bit and just give our wonderful listeners and good evening to our listeners, kind of what's the good news there for you.
And then I also thought, why does the government do it? It's to keep investors kind of abreast of what's happening in South Africa, fiscal discipline.
And if we take it to our own finances and individual, kind of that planning and sense of control also reduces financial stress, reduces financial...
And so our listeners, we want them to contribute and share firstly, kind of their understanding of the role of this mini budget, and do they get inspiration from it to do better with managing their own finances? Sit as a household, I guess, kind of discuss where we are, where do we need to tighten, where do we need to more, pat yourself on the back, like the minister was saying, you know, debt as a percent of GDP is nicely falling and so we want to have that physical discipline it's a bit of like petting yourself on the head so that's kind of the link
for me do you have occasional mini budget conversations in your home One of the things that I have become aware of, Dr. Frank, is how difficult it is to look squarely at your financial situation.
As interest rates rise without the rising of the value of our salaries, we are forced to make changes in the way that we think about stuff.
And sometimes things like the medical aid for those who have it is the first thing to be considered as to whether or not it stays or goes.
Or downgraded or perhaps look at a hospital plan of some sort or whatever the case may be.
Insurances are usually some of the things that people start to look at because I can't afford that kind of thing.
Perhaps looking at downgrading the quality of my children's education from private school perhaps to a Model C school.
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