With the South African economy expected to grow by less than 3 percent in 2012, all eyes will be on what the annual budget reveals on 22 February.
The annual country budget outlines government’s spending, tax and borrowing plans for the next three years and reveals details on how government will raise money needed.
Economists have warned that growth will be slow this year and while some property experts believe investing money in property is the way to go, others believe South African house prices are 25 percent overvalued.
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South Africans are urged to send Finance Minister Pravin Gordhan their tips on what they would like to see in the country’s budget.
The budget tips campaign is run throughout the year and ensures active participation in government programmes, especially matters related to the economy.
Gordhan will present his third budget under the Jacob Zuma administration and 2012 budget to Parliament in Cape Town on 22 February 2012 at 2pm
The annual country budget outlines government’s spending, tax and borrowing plans for the next three years and reveals details on how government will raise money needed.
Members of the public can send their tips to the Gordhan via the National Treasury website www.treasury.co.za or fax tips to 012 315 5126 or post tips to National Treasury, Private Bag X115, Pretoria, 0001 or alternatively on Facebook, Pravin Gordhan’s fan page. – Denise Mhlanga
What should the Finance Minister do to enhance growth and stability in the property market? Share your tips below.