adminweek announced in his Budget Speech spending will increase to more than R1 trillion next year, representing more than 30 percent of the gross domestic product.
He said South Africa, the continent’s biggest economy, needed collective effort to obtain its objectives.
“Practical effect cannot be solely a government project. project of the government alone. Our development requires every one of us to play a part. Businesses have to invest in our future as well,” Gordharn told media.
More than R1 billion has been committed to job creation projects selected from the
2 500 applications received since the Jobs Fund government announced last year. Captains of industry and commerce welcomed the budget.
“The minister said all the right things about corruption and getting the fiscal house in order,” said an analyst with Rand Merchant Bank.
The Budget Speech comes on the back of rising unemployment and poverty levels, rampant corruption and concern over poor service delivery. – CAJ News.
Online Reporter