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News archive - November-2011

ABC Comments on the National Budget 2012

The Agricultural Business Chamber (ABC) considers the National Budget 2012, as presented by the Minister of

Finance, Mr Pravin Gordhan on 22 February 2012, to be fair and responsible. Given the background of a

deteriorating global economy, there is very little room for error in the local fiscal policy environment and therefore

the rational approach in the budget is applauded. The budget fits rather effectively within the space available to

manoeuvre in. Considering the current account balance, the budget balance and government debt, South Africa is

in a cautious position, yet a much more favourable position than many other developing countries.

23.02.2012 / Media Releases

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