AIDC Budget Statement: Its Full Circle Back to GEAR

The National Budget 2014 is a budget for the rich, the financiers, investors and credit rating agencies, argues the Alternative Information and Development Centre

No one can accuse Finance Minister, Pravin Gordhan, of producing an election-year people’s budget. This is a budget for the rich, the financiers, investors and credit rating agencies.

The Minister went out of his way to reassure the ‘market’ that South Africa is good for business. This means social instability, service delivery protests and strikes have failed to move the African National Congress (ANC) led government. The government is moved by the ‘market’ and the market alone.

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