The markets reaction to the budget speech was rather muted.
SA’s economic growth is set to slow to 1,2% this year, its slowest in 11 years and the current Account deficit is set to widen, making this a hard time for South Africa, for we are warned that we are not to escape ungrazed by the global economic slump
Competition authorities will receive a financial boost – so consumers get to whoop for joy as more people are out to get their backs
Public projects, world cup stadiums and eskom also get cash injections –
People aren’t so happy that SAA is getting a bail out – some even think that selling it for a cent would save the country a great deal of money
Environmentalists can be happy that gas guzzlers will be paying carbon tax from March next year –
FOR ANALYSIS ON THE BUDGET SPEECH FOLLOW THE FOLLOWING LINKS:
Budget Speech
Speech Analysis
Manual Interview
Economic Panel
Political Panel
Editor’s Panel
Property Panel
Tax Panel
Fund Manager’s Panel
Stock Watch
Medical Panel – SUMMIT TV
TAX CALCULATOR – incl. Trevor Manuel’s Changes
spykedup! 