President of the South African Chamber of Commerce and Industry (SACCI), Vusi Khumalo, will be seeking clarity on the following issues to be addressed in the upcoming Budget Speech:
- Progress on funding of the various infrastructure investment programs and the specific borrowing strategy to avoid crowding out of the private sector.
- The progress made on the “Back to Basics” programme of the Department of Cooperative Governance and Traditional Affairs aimed at improving efficiency and service delivery at municipal level.
- Progress made by the Davis Committee on Tax with specific reference to SMMEs.
- The progress on finding a suitable funding model for the National Health Insurance (NHI) scheme.
- Tangible and immediate measures to cut regulatory bottlenecks and red tape for businesses generally and SMEs in particular in order to reduce the cost of doing business in South Africa.
- Reassurance to foreign and domestic investors on economic stability, specifically relating to concerns on Nationalisation.
- Plans to reduce the fiscal deficit.
SACCI hopes that the Budget Statement will reflect a business-friendly fiscal policy that reduces the many hindrances to achieving economic growth and job creation by the private sector in South Africa.
