The Nelson Mandela Bay Business Chamber is urging Finance Minister Nhlanhla Nene to focus on infrastructure projects that will benefit the Eastern Cape when he delivers his budget speech on Wednesday afternoon.
Chamber CEO Kevin Hustler says in a statement that this year's budget speech takes place against the backdrop of sluggish economic growth, unemployment, and the negative effects of countrywide load shedding.
Hustler says that for the Eastern Cape in particular, the Chamber would like to see more detail relating to a co-ordinated infrastructure and logistics plan for the province, aimed at stimulating very slow economic growth and assisting in creating much-needed sustainable employment.
He added that on the Nelson Mandela Bay Business Chamber’s wish list is a pronounced focus on allocating significant funding to infrastructure projects.
Hustler also believes the Eastern Cape and Nelson Mandela Bay would benefit from a well-packaged suite of incentives that go above and beyond what is currently available to enable the region to secure substantial local and international investment.
