• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Budget deficit may halve - Zuma

Feb 10 2011 19:25
Cape Town - President Jacob Zuma says the budget deficit should fall from its current 6.7% to between 3% and 4% by 2013.

Speaking in his annual State of the Nation address on Thursday, Zuma also said government was pleased with the performance of the country's financial sector.

"It has proven to be remarkably resilient in the face of the recent financial crisis and the global economic meltdown," he said.

Zuma also said concerns about the exchange rate had been taken to heart.

"Exchange control reforms that were announced in the Medium Term Budget Policy Statement last year are being implemented. Further information will be provided by the Minister of Finance in the Budget Speech," Zuma said in his address.


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote