Today's Big Stories

Economist breaks down Gordhan's "accessible" budget speech

Finance Minister Pravin Gordhan on Wednesday addressed Parliament and the nation, delivering a much anticipated Medium Term Budget speech.

Dr Iraj Abedian, economist with Pan African Capital says the Minister in his budget speech was simply saying let's turn growth around.

If the growth is not turned around, tax revenue will dwindle even further and government will be in a desperate position, having to borrow even more.

He was saying it is up to us to govern ourselves and our nation properly, generate confidence and give people some form of certainty that they create investments both locally and internationally.

Iraj Abedian, Executive Chairman at Pan-African Capital Holdings

Abedian says the Minister reminded the nation that the fastest growing item of government expenditure is paying interest on loans.

This are important points and he made it very accessible... he avoided jargon.

Iraj Abedian, Executive Chairman at Pan-African Capital Holdings

Listen to Dr Abedian break down Finance Minister Mini Budget speech below:


Recommended

by THE NEWSROOM
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

Tweeps throw shade as court shows Motsoeneng the door

Tweeps throw shade as court shows Motsoeneng the door

A judge has ruled that Hlaudi Motsoeneng should not hold any position at the SABC and Twitter has wasted no time reacting.

Why family traditions matter

Why family traditions matter

Whether it's breaking bread or celebrating through song and dance, family rituals and traditions can create a sense of belonging.

Popular articles
[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

Members of Parliament object to Finance Minister Malusi Gigaba delivering budget 2018.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

Missing Cape Town couple's vehicle found north of Durban

Missing Cape Town couple's vehicle found north of Durban

Hawks spokesperson says the couple has not yet been located and their names will not be released as yet.