DEMOCRATIC Alliance Shadow Minister of Finance Dion George said on Monday that in this year’s Budget speech government must focus on stimulating the economy and create a conducive environment for foreign investment.
George delivered the DA’s alternative Budget, ahead of Minister Enoch Godongwana’s 2023 Budget address on Wednesday, saying that previous Budgets had failed by making it difficult for households to put food on the table, while unemployment continued to rise and businesses destabilise.
George was flanked by his deputy Ashor Sarupen and DA Shadow Minister of Social Development Bridget Masango when he said that rapidly increasing debt and ongoing blackouts were also a hindrance in service delivery.
George warned that the impact of a likely greylisting by the Financial Action Task Force later this week would be an immediate increase in the cost of compliance for South African financial institutions, and stressed that already hard-pressed consumers would feel the effects.
The DA’s proposal, which George said would halve unemployment by 2030, included the implementation of
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