3 interlocking crises in Budget 2018 must address

CAPE TOWN- According to Sizwe Mbhele of Business Leadership SA (BLSA) has always maintained that there are three crises that the Budget speech should have addressed, they are, fiscal deficit, state capture and the loss of confidence in the country.

Mbhele shared his opinion of Malusi Gigaba as speech was mediocre. HeHe expected the VAT increase because the finance minister had not other options.

BLSA hopes the new ANC leadership will steer the South African economy in the right direction and BLSA be part of the discussion, he said,

“We believe business can provide not only words, but the capacity. Some of our highly skilled members are on the Eskom board, for instance,” said Mbhele.

“We have a score card to keep track and report to our members and to government. We want the government and a social partner like labour to come to the party.”

LISTEN to Mbhele conversation with Moeshfieka Botha about Budget 2018:

Photo Credit- iOL

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