Categorized | B-BBEE Act, Government

2015 budget: Will it be Pro-transformation?

Nhlanhla Nene

Beyond the hilarious debate about whether legislators should be allowed to wear red overalls in parliament and chant “pay back the money”, uppermost in the public interest in parliament is whether the 2015 National Budget will foster economic transformation.

In fact, the huge spotlight should be understandable. This year, the revised BEE codes will come into effect. However, if the Codes’ objectives are ever to be realised, there is need for more stimulus or more money should be circulating. In this way, businesses will grow and skills development, enterprise development, employment equity and preferential procurement will be accomplished.  In no doubt, more is at stake.

Just how much does Finance Minister, Nhlanhla Nene, have in his kitty? Whatever he is willing to spend, South Africa hopes it will promote economic transformation, and, in due course, closing the gap between the rich and the poor.

Share this article on Social Networks facebooktwitterlinkedinmail

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

TransformSA - Subscribe

Subscribe - Transform SA Magazine

Follow Us

Transform SA in conversation with Nompendulo Mkhatshwa about student movement.

Photos on flickr

Advertisement

Categories

Archives