South African Budget 2015
Minister of Finance, Nhlanhla Nene, has delivered his 2015 Budget speech. In his speech the Minister said that taxes would have to rise and government spending would fall. The Minister predicted a 2% economic growth in 2015 down from previous estimates of 2.5%. The Minister also announced that there would be continued problems with power supply for another three years.
You can find the full speech of the Finance Minister here.
The National Treasury has produced a handy four page people’s guide which you can find here.
And for a good bullet point summary of the speech produced by BizNews.com go here.