Gordhan's budget in seven simple points
If we work together, we can all bring down the buffalo. Who is the buffalo? I’m not saying
Here's my take on Pravin Gordhan's budget in seven simple points: 1. The economic outlook is grim, although growth will be a little higher than last year.2. The government will, nonetheless, grow spending at a rate higher than inflation.3. To fund all of this, taxes for individuals are going up, especially for the rich with those earning more than R1.5m a year paying 45%.4. Impatience is growing and economic transformation must be accelerated, but it must happen under the rubric of "inclusive growth".5. Corporate South Africa needs to come to the transformation party.6. More regulation of the financial sector is on its way.7. If we work together, we can all bring down the buffalo. Who or what is the buffalo? I’m not saying.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.