Did the Budget Speech make cents to you?

Wa$ the budget $peech too good to be tRue?

Finance Minister Nhlahla Nene's first budget speech has been described by some as unclear and too optimistic.

Bruce Whitfield asked the Minister about South Africa's debt, something economists have openly stated concern about in the build up to his speech.

The annual debt grows from R115 billion to R153 billion, a hefty amount and that's why we are coming up with a package that begins to bring that into light.

Xolani Gwala spoke to Associate Professor of Economics at Wits Prof Christopher Malikane and Chief Economist at Efficient Group Dawie Roodt for analysis.

The Minister covered sin taxes, income tax, the fuel levy and a way forward regarding Etolls.

Both guests seemed to agree about the lack of transparency regarding Nene's budget and a lack of explanation of where some of the money needed will come from. Prof Malikane emphasized on the lack of transparency.

The budget highlighted one thing and that is we are in a crisis. I don't think the minister had enough answers to a lot of questions like where the money will actually come from that he spoke about. He didn't offer a solution to the Eskom problem, where we need about R50 billion per annum.

Economist Dawie Roodt echoed the Professor's sentiments about the optimistic budget speech and gave forecast of the debt rate.

The budget was a bit too optimistic, the minister has great plans but not enough clarity on where exactly the money would be coming from. We can predict that debt will reach new record high in the next financial year at this rate.

Our programme makers want to know where this budget hits you hardest... Your comments below please...

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Meet Maryana Iskander, on a mission to find employment for 1st-time job seekers

Bruce Whitfield interviews Iskander to learn about her non-profit company that partners with South African employers.

Family spokesperson describes how 13-year-old bullied boy died

Family spokesperson describes how 13-year-old bullied boy died

Jade Landman, a family spokesperson and member of Families in need organisation explains what happened.

5 reasons why online shopping is going hybrid (online and in the ‘real world’)

5 reasons why online shopping is going hybrid (online and in the ‘real world’)

The Money Show’s Bruce Whitfield interviews Yuppiechef cofounder Andrew Smith.

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

The Money Show’s Bruce Whitfield interviews KPMG South Africa CEO Nhlamu Dlomu.

School body denies child was 'isolated' over unpaid fees

School body denies child was 'isolated' over unpaid fees

The association says the pupil's parents defaulted on fees payments and she was kept in the sick bay until a parent was available.

Google is almost 20 years old

Google is almost 20 years old

September is a special month for the search giant. Here are a few things you did not know.

Popular articles
Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

SAB urges public to stop abusing free water at Newlands Spring

SAB urges public to stop abusing free water at Newlands Spring

There have been several reports of abuse of the facility, with a number of people tapping far more water than is allowed.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?