SACCI seeks clarity at Budget Speech 2015

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.