South Africa's Finance Minister Gets the Thumbs Up Following Budget Speech

Publication Date:
27 February 2013
South Africa

Analysts have given the finance minister a thumbs up for his fourth budget speech. They say considering the tough times the country faces, Pravin Gordhan had little choice but to increase the country's debt. But they warn that government must improve on its spending.

The budget  has been presented, but how has it been received? Opposition parties have largely welcomed what the finance minister had to say, but most maintain it was a little too safe and conservative.

Gordhan has blamed disruptions in the mining industry for the sluggish economy. In his annual budget speech Gordhan said more money will go towards health, education and fighting crime and highlighted a potential boost in job creation.


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