Local producers up in arms after minister defers anti-dumping duties to curb shortages and rising food costs.
Nhlanhla Gumede, head of electricity regulation at SA's energy regulator, says a 'one-stop shop' is needed to speed up processes.
Nick Dreyer is the co-founder and CEO of Veldskoen Shoes
It was a refrain in the budget review and again in the budget speech: budgets are complex but the numbers are simple. And the numbers were grim - even though it was a bold budget. Finance minister Tito Mboweni did what was right fiscally, pencilling in deep cuts to the personnel budget and calling a halt to major tax hikes. But even if the pay cuts pan out politically, the budget deficit heads towards a psychologically scary 7% and the public debt heads towards 71% and keeps climbing. If there are zero cuts, the deficit gets closer to 8%.
And the simple truth of the numbers is that, in an economy growing at just 1% a year, there are no more options. SA spent its way out of the great recession in 2008/2009 and kept spending, particularly on the public sector wage bill but also on bailing out ailing state-owned enterprises (SOEs), even as economic growth and tax collections kept falling short of budget targets...
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