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