Newly appointed Finance Minister Tito Mboweni is set to deliver the Medium-Term Budget Policy Statement on Wednesday.
With South Africans under pressure with rising fuel prices, VAT increased and the general cost of living rising at a rapid pace, Karima Brown spoke to Agri SA and the Congress of South African Trade Unions (Cosatu) to find out what their expectations are for the mid-term budget.
Cosatu's General Secretary Bheki Ntshalintshali say Mbowni's work is cut out for him.
We think his work is cut out for him in terms of what the president has committed to - the job summit, stimulus packages, he has to elaborate in terms of those things. We are not expecting something new from him, we think he really has to put a plan together on how it needs to be done.— Bheki Ntshalintshali, Cosatu's General Secretary
We don't expect him to come up with new policies. We want to hear bold statements in terms of how they are going to deal with the looting and recover all the money that has been lost.— Bheki Ntshalintshali, Cosatu's General Secretary
Agri SA Head of Economics and Trade Dr Requier Wait lists some of their expectations which includes a commitment to drought support.
It is important to remember that the impact of drought are not only short term but long term. So we hoping we can see some accommodation in terms of support to that extent.— Dr Requier Wait, Agri SA Head of Economics and Trade
I think the other point that speaks to the heart of the budget is this balancing act between managing government income through tax revenues and obviously government expenditure and if there is a shortfall how are we gong to cover this.— Dr Requier Wait, Agri SA Head of Economics and Trade
Click on the link below to listen to the full conversation...