In the midst of a fluctuating rand and an economy in need of resurgence, Minister Gordhan provides a glimmer of hope to businesses against the backdrop of an already slow growth economy. FNB Business experts share their views on the Budget speech. Attie Anderson, Head of Commercial Property Finance at FNB Business: There was not much in the Budget Speech related directly to the Commercial Property sector; the indirect consequences will however be felt by the industry. The fact that … [Read more...] about Unpacking 2017 Budget speech for your business
Budget 2017
Budget 2017/18 – The Great Pretenders?
November 2016 marked the 25th anniversary of the death of rock star Freddie Mercury, 'the Great Pretender.' Back then the stigma of an AIDS death was such that not enough was made of the horror that is the slow and painful death from AIDS (even if you have all the money in the world!) Only now do we see internet documentaries on terrible end of Freddie. Watch them! Feel them! Know them! South Africa's AIDS death rate may have declined from just below 50% to 28% today. BUT THERE ARE … [Read more...] about Budget 2017/18 – The Great Pretenders?
Coega welcomes Budget speech
"The Coega Development Corporation (CDC) welcomes the Honourable Minister of Finance Pravin Gordhan, Budget speech delivered this afternoon," said Dr Ayanda Vilakazi, CDC Head of Marketing and Communications. Industrial Development In support of the government's approach towards industrialisation, economic transformation, and inclusive growth, the CDC has continued to ensure that it demonstrates its commitment towards its vision to be the leading catalyst for championing of the … [Read more...] about Coega welcomes Budget speech
Local Business Welcomes Budget 2017
Speaking on behalf of the Nelson Mandela Bay Business Chamber, the CEO Kevin Hustler said: We welcome the balancing act Finance Minister Pravin Gordhan has managed during today's Budget Speech. We agree with Gordhan that the 1.3% growth rate expected for this year is much too low to turn around the economy and unemployment rate in the country, in particular in the Eastern Cape. While the Nelson Mandela Bay Business Chamber acknowledges the need for economic transformation, we agree with … [Read more...] about Local Business Welcomes Budget 2017
