- Submission to the Parliamentary Standing and Select Committees on Finance on the 2011 Medium Term Budget Policy Statement0.35 MB
Business Unity South Africa welcomes the opportunity to submit comments on the Medium Term Budget Policy Statements (MTBPS) as tabled in parliament by the Minister of Finance, Hon. Pravin Gordhan on 25 October 2011. The MTBPS offered a realistic assessment of South Africa’s economic prospects and spoke rationally to the primary challenges underpinning them. The MTBPS captured both the economic and social challenges facing SA, especially poverty and inequality.
As on similar occasions in recent years, there was again emphasis on the great need for a united effort and recognition that trade-offs will have to be made if South Africa is to be put on a productive and sustainable fiscal and economic growth trajectory. Indeed, the word ‘balance’ occurs frequently in the MTBPS speech and resonates with perceptions in the business world.
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