https://www.engineeringnews.co.za
Business|Cutting|SECURITY|Sustainable|System|Training
Business|Cutting|SECURITY|Sustainable|System|Training
business|cutting|security|sustainable|system|training

Big ticket items in Budget were more miss than hit - Jamine

Econometrix economist Dr Azar Jamine speaks on the Budget. Video and editing: Darlene Creamer 23.2.2018

23rd February 2018

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

     

Font size: - +

The Budget tabled on Wednesday had a number of misses, with one of the biggest being the failure to cut government's public servant remuneration, which was set to grow by 7% a year over the medium term, economist Dr Azar Jamine said on Friday.

"It is earmarked to carry on growing as fast as it has in recent years and, instead, the reliance was on raising taxes in trying to close the gap in expenditure, and that is not sustainable to long-term growth," he pointed out during a business breakfast.

He suggested that, by cutting government spending, it would create more opportunity for private sector involvement. "As an economist, I have to show you what is going wrong and what is going wrong is that government is not biting the bullet," he added.

Jamine noted that the biggest challenges currently faced by President Cyril Ramaphosa in steering the economy forward included the Budget big tickets, such as the increase in value-added tax, the introduction of fee-free higher education - which he said would jeopardise other areas of expenditure - and land expropriation without compensation, while avoiding the destruction of food security.

Jamine questioned how government could raise the expenditure of the Department of Higher Education and Training by R57-billion for the Medium-Term Expenditure Framework period for fee-free higher education, while cutting the Department of Basic Education's budget.

"What's the point in cutting basic education and funding tertiary education if people go through the schooling system and when they go to university, they're not sufficiently qualified, because they haven't received a decent basic education?"

He said the lack of decent basic education resulted in about 55% of tertiary students not completing their studies.

He added that the basic education dilemma further created barriers to employment. "Would you employ someone as a civil engineer who had 30% for maths in matric?" he asked.

"If we really want to break through unemployment, that's where we have got to focus," he added.

He noted that State-owned enterprises were also a "hornets' nest" at the moment and government needed to "get that right".

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest Multimedia

Photo of Martin Creamer
On-The-Air (08/05/2026)
Updated 2 hours 20 minutes ago By: Martin Creamer

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 08 May 2026
Magazine round up | 08 May 2026
8th May 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.081 0.122s - 160pq - 2rq
Subscribe Now