Job creation, poverty eradication, youth development, provision of integrated human settlements and economic development, among others, will be major focus areas of the Nelson Mandela Bay Municipality in the R7.5 billion Budget for the 2011/12 financial year. Over 33 thousand new jobs valued at R87,5 million (See: Editors Notes below for reasons why the unions may be a tad pissed off) will be created during the ensuing financial year mainly through the provision of integrated human … [Read more...] about Draft Budget says that Municipality may Create over 33 Thousand Jobs
budget
Budget Speech: Bank Charges Under the Spotlight
Banks could be in for a tougher time when it comes to the fees they charge businesses and individuals, with the National Treasury’s proposal to broaden the mandate of the Financial Services Board (FSB) to include regulation of market conduct by banks. Finance Minister, Pravin Gordhan, revealed in his Budget Speech on Wednesday that he hoped this would help tackle bank charges, stemming from Judge Jali’s 2008 Enquiry into Competition in Banking. This is among one of several measures that … [Read more...] about Budget Speech: Bank Charges Under the Spotlight
Your Chance to Tell Pravin What to do With our Budget
Finance Minster Pravin Gordhan is calling on South Africans to send in their budget tips ahead of his address in February. Gordhan would like to hear from citizens specifically on how South Africa can achieve an economic growth rate of 7 percent per year over the course of the next 20 years. Last year, Minister Gordhan said that although the country's economy was recovering from the economic crisis, a 7 percent growth rate was necessary. "South Africans are also encouraged to send … [Read more...] about Your Chance to Tell Pravin What to do With our Budget
