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DA's reaction to budget speech


 There's been mixed reaction to Wednesday budget tabled in parliament by Finance Minister, Pravin Gordhan.

Democratic Alliance MP, Tim Harris, says the country clearly has a growth problem, with growth of only 2.7% while the rest of Africa is growing at 5.8%.

He says this has placed Gordhan in a tight spot with a R16b shortfall in tax revenue.

"Untill we tackle those growth constraints we are going to keep having problems like this, but we are pleased to see certain key DA policies right at the heart of this budget. The youth wage subsidy is back in a watered down version but we hope the finance minister has the political capital to see it implemented this time and we like the fact that there are strong tax incentives for special economic zones which we have been calling for, for many years" Harris said.

Cosatu said there was no broad endorsement of the National Development Plan in Gordhan's budget speech.
The African Farmers' Association of South Africa applauded Gordhan for allocating R6.2b to support smallholding farmers.