28.10.2010

ABC comments on medium term budgetary policy statement

The Agricultural Business Chamber (ABC) is filled with a sense of sanctuary after the Medium Term

Budgetary Policy Statement by the Minister of Finance, Minister Pravin Gordhan, on 27 October

2010. The stated assessment and expectations by the Minister of Finance on both the global and

domestic economic outlook was generally accepted to be fair and realistic. The ABC agrees that SA’s

economy finds itself in a fragile and slow recovery stage and states that the 3% growth projection

throughout the remaining part of the year might be slightly over-optimistic.

The Agricultural Business Chamber (ABC) is filled with a sense of sanctuary after the Medium Term

Budgetary Policy Statement by the Minister of Finance, Minister Pravin Gordhan, on 27 October

2010. The stated assessment and expectations by the Minister of Finance on both the global and

domestic economic outlook was generally accepted to be fair and realistic. The ABC agrees that SA’s

economy finds itself in a fragile and slow recovery stage and states that the 3% growth projection

throughout the remaining part of the year might be slightly over-optimistic.

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