SACCI Media Release
Monday
23 October 2017
SACCI Statement on the MTBPS
As the time for the Medium-Term Budget Policy Statement has come, the South African Chamber of Commerce and Industry wishes to take this opportunity to urge the Minister of Finance to issue a Policy statement that will restore confidence to the business environment and the market generally. In particular, it is important that the Minister deals decisively and clearly with the following issues which are causing uncertainty:
- The government’s plans in the area of fiscal discipline, given the constraints caused by the imbalance in the declining revenue base vis a vi the expenditure in the areas of social development and capital investment.
- The government’s plans on the funding gap and how it intends to manage the deficit.
- The matter of the ratings agencies down-grades and what is being done to restore faith in South Africa as an attractive investment destination.
- The progress made with the capital investment programmes in infrastructure and particularly what is being done with cost and budget overruns.
- The capital injections and bail-outs required for some of the SOE’s. How and from what source will the funding come?
- The progress with implementing the National Development plan with specific projects, timelines and economic impact.
Contact:
SACCI CEO
Mr Alan Mukoki (082 551 1159)
Author: Derrick Markotter
RCCI Webmaster Derrick runs a boutique web marketing agency, IdealMedia Marketing.