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Cape Town - Increased allocations by Minister of Finance Pravin Gordhan to skills development initiatives such as the Youth Wage Subsidy is on the wish list of Western Cape Minister of Finance, Economic Development and Tourism Alan Winde.
Gordhan will deliver his budget address in Cape Town on February 26.
"I am confident Gordhan will table measures to grow our economy and create more jobs for our people," said Winde.
"To do this, South Africa must take proactive steps to develop its reputation as a good place to do business."
According to the World Economic Forum Competitiveness Report 2013 – 2014, the most problematic factors for doing business in South Africa are an inadequately educated workforce, inefficient government bureaucracy and corruption.
That is why Winde hopes Gordhan will allocate more to SA's basic education system, which is currently ranked 144 out of 148 in the world.
"With this increased allocation we need clear objectives for principals and teachers, it is vital that we are getting value for this money," said Winde.
Small business
A key factor in SA's economy is small businesses and the informal sector.
Winde is, therefore, calling on Gorhdan to announce measures to ramp up the Companies and Intellectual Property Commission (CIPC).
The WEF report states that in SA it currently takes around 19 days to start a business.
In reality aspiring entrepreneurs wait between two and six months to register a company.
"Once we make it easier to start businesses we can produce more goods locally, improve our growth and jobs and reduce our reliance on imports," said Winde.
"Investor confidence in South Africa must be increased. We call on Gordhan to reduce red tape by setting funds aside for the implementation of Regulatory Impact Assessments. Legislation in this regard was passed, but has not been implemented."
Special economic zones
Gordhan has supported incentives for special economic zones in previous budget speeches.
"Eskom’s recent emergencies underscore the need for tax incentives to encourage private companies wishing to invest in renewable energy and Liquified Natural Gas," said Winde.
Service delivery
Last year Gordhan started the process of recognising the latest census figures.
"We are confident that he will make further adjustments to meet service delivery needs in provinces with rapid population growth, such as the Western Cape," said Winde.
"We have faith that Gordhan will table a budget in line with the National Development Plan, in which growth and jobs are key imperatives."
Gordhan will deliver his budget address in Cape Town on February 26.
"I am confident Gordhan will table measures to grow our economy and create more jobs for our people," said Winde.
"To do this, South Africa must take proactive steps to develop its reputation as a good place to do business."
According to the World Economic Forum Competitiveness Report 2013 – 2014, the most problematic factors for doing business in South Africa are an inadequately educated workforce, inefficient government bureaucracy and corruption.
That is why Winde hopes Gordhan will allocate more to SA's basic education system, which is currently ranked 144 out of 148 in the world.
"With this increased allocation we need clear objectives for principals and teachers, it is vital that we are getting value for this money," said Winde.
Small business
A key factor in SA's economy is small businesses and the informal sector.
Winde is, therefore, calling on Gorhdan to announce measures to ramp up the Companies and Intellectual Property Commission (CIPC).
The WEF report states that in SA it currently takes around 19 days to start a business.
In reality aspiring entrepreneurs wait between two and six months to register a company.
"Once we make it easier to start businesses we can produce more goods locally, improve our growth and jobs and reduce our reliance on imports," said Winde.
"Investor confidence in South Africa must be increased. We call on Gordhan to reduce red tape by setting funds aside for the implementation of Regulatory Impact Assessments. Legislation in this regard was passed, but has not been implemented."
Special economic zones
Gordhan has supported incentives for special economic zones in previous budget speeches.
"Eskom’s recent emergencies underscore the need for tax incentives to encourage private companies wishing to invest in renewable energy and Liquified Natural Gas," said Winde.
Service delivery
Last year Gordhan started the process of recognising the latest census figures.
"We are confident that he will make further adjustments to meet service delivery needs in provinces with rapid population growth, such as the Western Cape," said Winde.
"We have faith that Gordhan will table a budget in line with the National Development Plan, in which growth and jobs are key imperatives."
