Budget Speech 2022: Business ‘cautiously optimistic’
President Cyril Ramaphosa said during his state of the nation address that business creates jobs, not government.
Businesses have indicated that they are cautiously optimistic about this year’s annual budget speech.
The Citizen reports this comes as the world is currently experiencing synchronised global growth as it attempts to return to post-pandemic normal. And while business applauded the President Cyril Ramaphosa’s State of the Nation Address (Sona), it is now waiting for Minister of Finance Enoch Godongwana to complete the picture.
Godongwana will deliver this year’s budget speech today at 14:00.
Kerry Fynn, Alpha Holdings CEO and YPO Africa member, told The Citizen that the local business mood can be compared with the global mood, saying there is reason to be cautiously optimistic, as the world is currently experiencing synchronised global growth as it attempts to return to post-pandemic normal.
Minister of Finance Enoch Gondwana will on Wednesday, 23 February deliver his budget speech to members of the National Assembly.
The budget will outline the funds to be allocated to different spheres of government, departments and state entities. #Budget2022 pic.twitter.com/nqFrUs3BFt
— South African Government (@GovernmentZA) February 22, 2022
In the meantime the EFF has indicated that it would march to parliament today, where the budget speech will be delivered.
The party said it would be marching against the International Monetary Fund (IMF) and World Bank loans to South Africa.
[HAPPENING TOMORROW]: The EFF will march against World Bank and IMF dangerous loans.
These institutions are institutions of re-colonisation. #EFFParliamentMarch pic.twitter.com/6OgrTmgx8w
— Economic Freedom Fighters (@EFFSouthAfrica) February 22, 2022
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