Budget 2023
Share

WATCH: ‘A full-scale budget blowout’

accreditation

Cape Town - Politicians and other stakeholders reacted with differing opinions following Finance Minister Malusi Gibaba’s maiden mini budget speech on Wednesday.

WATCH THE VIDEO BELOW.

Democratic Alliance MP David Maynier said the speech revealed “the full horror of President Jacob Zuma’s catastrophic mismanagement of the economy” and was a “full-scale budget blowout”.

Interestingly, presidential hopeful and ANC MP Nkosazana Dlamini-Zuma attempted to avoid the media by ducking into her chauffeured luxury car.

However, when asked about the mini budget from an economic transformation perspective, she responded, “yes, I’m happy”, as the car door closed.

Reacting to questions on the implementation of a nuclear new build programme, Energy Minister David Mahlobo said cost implications would be looked at when implementing any energy project.

DA Alf Lees said SAA needs to be stabilised and put into a very profitable position before you can think about private equity.  

“The aeroplane is about to crash, and they may be able to pull out of the dive and save it, but we don’t have high hopes for that being able to happen, unless they are given free rein to run it as if it is in business rescue, (without political constraints).”

Others who commented included:

  • Trade and Industry Minister Rob Davies (on how trade can increase economic growth)
  • ACDP MP Steve Swart (on issues of the fiscal framework)
  • National Treasury director general Dondo Mogajane (on selling assets to avoid breaching the fiscal ceiling)
  • Black Business Council President Danisa Baloyi (on the importance of skills development to increase inclusive economic growth).

* Visit our Mini Budget Special Issue for all the news, views and analysis.

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.99
-0.2%
Rand - Pound
24.11
+0.0%
Rand - Euro
20.61
-0.1%
Rand - Aus dollar
12.38
+0.4%
Rand - Yen
0.13
+0.4%
Platinum
902.37
-2.3%
Palladium
1,004.75
-0.1%
Gold
2,155.09
-0.3%
Silver
24.96
-0.3%
Brent Crude
86.89
+1.8%
Top 40
66,027
-0.3%
All Share
72,208
-0.3%
Resource 10
53,305
-0.0%
Industrial 25
99,749
-0.7%
Financial 15
16,627
+0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders