
16/02/2025 | By Busiswe Mavuso
BLSA CEO’s Weekly Newsletter – The budget must stay the course on fiscal consolidation, prioritising debt reduction and prudent spending
•This is the first budget from the government of national unity and will be a test of its ability to set coherent spending priorities that put the country ahead of party politics. •Setting a positive direction for the budget, last week National Treasury issued new regulations governing public-private partnerships which allow government to partner with private investors to jointly fund, build, operate and maintain public infrastructure. •As organised business, the relationship with the US is top of mind, with jobs and the economy at the centre of our concerns. We are working toward an approach that aims to protect the interests of companies in both countries. The budget this week is a major milestone in all our efforts to achieve 3% growth by the end of this year. Government must ensure it lives within its means, focusing spending on growth-enhancing activities and investment. This is the first budget from the government of national unity and will be a test of its ability to set coherent spending priorities that put the country ahead of party politics. It must prioritise the creation of sustainable jobs and support an environment that will drive private sector investment. As we have learnt to our cost, […]