Kevin Hustler, CEO of the Nelson Mandela Bay Business Chamber has the following advice from local business to Finance Minister Nhlanhla Nene: As a nation grown accustomed to being asked to tighten our belts, we have felt the impact of government cuts on spending in non-priority areas and its emphasis on the reprioritization of budgets towards critical projects. This year’s budget speech takes place against the backdrop of sluggish economic growth, unemployment, and the negative effects of … [Read more...] about Business wants Finance Minister to focus on infrastructure projects
finance minister
South African Economy Still Faces Tough Time
Although South Africa's economy is showing growth, it continues to face uncertain times, says Deputy Finance Minister Nhlanhla Nene. "There is no room for complacency and we continue to face a great deal of uncertainty during this current period of adjustment within the global economy," he said. The deputy minister was speaking at an event hosted by the Sugar Industry Trust Fund for Education in Durban on Wednesday. In the first quarter of 2011, South Africa's economy grew by 4.8 … [Read more...] about South African Economy Still Faces Tough Time
