News archive

News archive - December-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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Sondetaks gaan hard slaan

Die styging in sogenaamde sondebelasting, veral die 10% styging op bier, kan die landboubedryf hard slaan, meen kenners.

Tydens Absa Agribesigheid se begrotingsbespreking het mnr. Ernst Janovsky, hoofbestuurder, opgemerk: “Van julle se antwoord is dat dit nie saak maak hoeveel dié belasting is nie, julle sal net minder vleis koop. Maar dit is ook sleg vir die landbou.”

23.02.2012 / Agbiz in the news

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