Tuesday, October 25, 2011

Gordhan under pressure with mini-budget

By Khanyisa Tabata
25 October 2011

All eyes are on Finance Minister Pravin Gordhan this afternoon. He remains under pressure to enable job growth when delivering his Medium-Term Budget Policy statement in Parliament.

The Democratic Alliance says as South Africa grapples with high unemployment levels, Gordhan cannot afford to let government finances slip.

The DA’s Dian George points out that President Jacob Zuma's promise of 2011 being the “year of the job” is not materialising. Instead, unemployment is reaching crisis levels with nearly seven-million people unemployed.

The Congress of the People says Gordhan needs to use today’s medium-term budget policy statement to show he has a firm grip on government's finances.

Cope spokesperson Nic Koornhof says Gordhan needs to prove that the National Treasury's grip had not slipped in the transition from former president Thabo Mbeki to President Jacob Zuma.

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