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Wednesday, 10 December 2008

Tito Mboweni - pig at the trough and hypocrite

In its quarterly bulletin the South African Reserve Bank has called on wage and salary earners to moderate their wage demands, seeing that high demands for wages could have an inflationary effect. Mention is made of wage increase demands of between 12 and 15%

This is extremely rich (pardon the pun), coming from whom it does: the former trade unionist and current governor of the Reserve Bank, Comrade Tito Mboweni. Comrade Tito earlier on this year received a whopping 28% salary adjustment, making him one of the most highly paid central bank governors in the world, in spite of South Africa being nowhere near the largest economy on earth. The hypocrisy in the Reserve Bank's bulletin, in telling Joe the plumber to moderate his demand for a wage increase, is therefore nothing short of breathtaking.

Perhaps we should not be surprised at Comrade Tito's pig-like snuffling at the trough. The ANC, of which he is a member, is after all nothing more than a criminal bunch of former terrorists bent on plundering the nation's wealth.
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