Sacci calls on Gigaba to restore business confidence
The South African Chamber of Commerce and Industry (Sacci) on Monday urged finance minister Malusi Gigaba to issue a Policy statement that will restore confidence to the business environment and the market in general.
Gigaba will deliver his inaugural Medium Term Budget Policy Statement on Wednesday, setting out the fiscal policy objectives and government spending priorities over the three-year expenditure cycle.
Gigaba has an unenviable task of closing government debt, consolidating fiscal policy, ensuring adherence of austerity measures while bankrolling critical government programmes like higher education, social welfare, and broke state-owned enterprises (SOEs), all amid bleak economic growth forecasts.
Sacci said it was important that Gigaba deals decisively and clearly with the government’s plans in the area of fiscal discipline, given the constraints caused by the imbalance in the declining revenue base vis a vis expenditure in the areas of social development and capital investment.
The Chamber also said Gigaba must deal with government’s plans on the funding gap and managing the deficit, ratings agencies downgrades, progress on capital investment programmes in infrastructure, bail-outs required for some SOEs, and progress with implementing the National Development Plan.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
