SACCI Budget 2017 Reaction

  • February 24th, 2017

Download statement:  Budget 2017 Reaction (002)

The following budget allocations to support economic growth over the MTEF are worth noting:

  • R3.9 billion for small, medium and micro enterprises and cooperatives.
  • R4.2 billion for industrial infrastructure in special economic zones and industrial parks.
  • R1.9 billion for broadband implementation.
  • R3.9 billion for the Council for Scientific and Industrial Research.
  • An additional R494 million for tourism promotion.
  • An additional R266m to support the aquaculture sector and realise the goals of the Oceans Economy Phakisa Operation.
  • Spending on agriculture, rural development and land reform amounting to nearly R30 billion by 2019/20.

Download highlights:  Budget 2017 Highlights (1) (1) (002)