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Johannesburg - South Africa will remain the country of milk and honey for those that role up their sleeves, according to Willem Oberholzer CEO: Probity Advisory.
In his view the positive aspect of Finance Minister Pravin Gordhan's budget, is that it shows that all South Africans need to do more to grow the economy.
Oberholzer sees the main theme of the National Budget as an attempt at a strategic alignment of the government, business, labour and individuals - including communities - to invest in critical resources that will facilitate economic growth and sustainability.
"You have to take your hat off to Gordhan and the Treasury for making an investment decision in the growth of the country, while few if any corporates are willing to do the same," said Oberholzer.
"Despite the global fiscal earthquake the SA economy has remained buoyant when linked to long term investment and a more focused approach towards government spending."
A targeted focus on infrastructural expenditure should have a positive impact on employment and the relaxation of regulatory requirements for conducting business should also help to eliminate unnecessary impediments to productivity, said Mike Betts of Grant Thornton Cape in reaction to the budget.
“Incentives earmarked for the manufacturing sector, economically depressed areas and small businesses are to be welcomed as a vital stimulant to much needed economic growth,” he said.
“The Minister’s announcement that there will be a greater focus on financial controls to be followed by government departments is a welcome development in curtailing wasteful expenditure.”
In his view the positive aspect of Finance Minister Pravin Gordhan's budget, is that it shows that all South Africans need to do more to grow the economy.
Oberholzer sees the main theme of the National Budget as an attempt at a strategic alignment of the government, business, labour and individuals - including communities - to invest in critical resources that will facilitate economic growth and sustainability.
"You have to take your hat off to Gordhan and the Treasury for making an investment decision in the growth of the country, while few if any corporates are willing to do the same," said Oberholzer.
"Despite the global fiscal earthquake the SA economy has remained buoyant when linked to long term investment and a more focused approach towards government spending."
A targeted focus on infrastructural expenditure should have a positive impact on employment and the relaxation of regulatory requirements for conducting business should also help to eliminate unnecessary impediments to productivity, said Mike Betts of Grant Thornton Cape in reaction to the budget.
“Incentives earmarked for the manufacturing sector, economically depressed areas and small businesses are to be welcomed as a vital stimulant to much needed economic growth,” he said.
“The Minister’s announcement that there will be a greater focus on financial controls to be followed by government departments is a welcome development in curtailing wasteful expenditure.”
