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News archive - January-2010

Agricultural Business Chamber’s Response to Minister Gordhan’s Budget Speech

The Agricultural Business Chamber (ABC) found the Minister of Finance,

Min Pravin Gordhan’s Budget Speech on 23 February 2011 to be predictable and positive. It is

responsive and reflective towards the challenges faced in South Africa and in consideration of the

global economic changes. This predictability and stability is essential for business and is therefore

welcomed by the ABC.

The Minister’s focus on addressing the slow economic recovery and high unemployment is

encouraging. The mentioned collaborative approach between the Monetary and Fiscal Policy is also

welcomed considering the stimulus effect required from the fiscal policy and the management of price

and financial stability by the monetary policy. Notably, the Minister took cognisance of the risky

inflation outlook, especially considering the increase food inflation.

23.02.2011 / Media Releases

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