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