Zero hint of 'radical economic transformation' in Budget Speech, says EFF

The EFF says nothing about Finance Minister Pravin Gordhan's annual Budget Speech lends itself to 'radical economic transformation'.

EFF spokesperson Mbuyiseni Ndlozi says the budget has instead continued the "ideological macro-economic planning" which has characterised previous budget statements from the ruling party.

There's nothing 'radical economic transformation' about it.

Mbuyiseni Ndlozi, EFF spokesperson

Everything about 'radical economic transformation', in relation to land and nationalisation that may have been echoed by Zuma was nowhere to be found in the Budget.

Mbuyiseni Ndlozi, EFF spokesperson

While Ndlozi says the EFF welcomes the protection of poor people's income, the party is disappointed that corporate income tax remains untouched.

He says the tax collection measures on the individual are unfair, while big business does not feel the any impact - despite evidence of collusion and elicit financial flows.

Take a listen:


Recommended

by NEWSROOM AI
Read More
Budget 2017: DA hoped for spending cuts, not tax increases

Budget 2017: DA hoped for spending cuts, not tax increases

The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.

Mantashe: ANC happy with Budget Speech's emphasis on transformation

Mantashe: ANC happy with Budget Speech's emphasis on transformation

ANC says it is satisfied with Finance Minister Pravin Gordhan's carefully crafted Budget Speech which was delivered on Wednesday.

Budget speech lacked polices promoting economic growth - FNB economist

Budget speech lacked polices promoting economic growth - FNB economist

‎Economist at FNB South Africa, Mamello Matikinca, says it's clearly very difficult for government to narrow the fiscal deficit.

[WATCH] Budget Speech 2017

[WATCH] Budget Speech 2017

Finance Minister Pravin Gordhan has tabled the 2017 Budget in Parliament.

What to expect in Gordhan's #Budget2017

What to expect in Gordhan's #Budget2017

CEO of Business Unity SA says they are hoping to see fiscal consolidation in today's budget speech.

An increase in personal taxes predicted when Gordhan delivers his budget speech

An increase in personal taxes predicted when Gordhan delivers his budget speech

Finance Minister, Pravin Gordhan is expected to deliver his 2017 budget speech in Parliament on Wednesday.

Delays to swear in Brian Molefe as MP, still no clarity - analyst

Delays to swear in Brian Molefe as MP, still no clarity - analyst

Controversy around Molefe's appointment as MP continues as three different ANC branches claimed to have him as a member.

Popular articles
[LISTEN] Court to rule if state should continue paying Zuma’s legal fees

[LISTEN] Court to rule if state should continue paying Zuma’s legal fees

Former president Jacob Zuma will hear on Thursday whether he will have to foot the bill for his corruption case.

Hawks nab seven traffic officials in Khayelitsha for taking bribes

Hawks nab seven traffic officials in Khayelitsha for taking bribes

Western Cape Hawks spokesperson says those who paid the bribes will also be arrested.

Storm in a 'G' Cup -  why are SA clothing retailers ignoring big-breasted women?

Storm in a 'G' Cup - why are SA clothing retailers ignoring big-breasted women?

Many women say they are forced to buy bras from overseas and import them to SA at great expense.

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Vans' brand manager says although this is a recurring problem its main concern is that this particular "fake" is a very close copy.

10 safety tips from Sanparks following latest robbery at Table Mountain camp

10 safety tips from Sanparks following latest robbery at Table Mountain camp

The Slangkop Tented Camp in Kommetjie was hit by thieves the weekend. Here's advice on how to keep safe in the area.

Here's how to check your load shedding schedule in Cape Town

Here's how to check your load shedding schedule in Cape Town

Eskom has warned that more power cuts can be expected as maintenance continues over the next twelve months.