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Fasa Newsletter
 
Monkey Nastix
 

A MESSAGE OF HOPE AND OPTIMISM IN THE BUDGET

Calling it a time for action in the economy, Finance Minister Pravin Gordhan called business, labour and civil society to engage on the economic issues facing the country and again put special emphasis on the small business sector and entrepreneurship.  As the person who is going to steer us through these volatile times, Gordhan combined a tone of caution with his message of hope and optimism.  Highlights included:

* Economic growth of 2.3% forecast for 2010, increasing to 3.6% by 2012.

* The 2010 FIFA World Cup could contribute 0.5% of GDP growth in 2010 with the government spending R33bn on preparations.

* Inflation should average 6% during 2010/11.

* A budget deficit of 7.3% projected for 2009/10, 6.2% for 2010/11 reaching 4.1% by 2011/2012.

* Infrastructure investment of R845bn over the next three years with government spending R52bn on public works programmes in the next three years.

* Personal tax relief of R6.5bn.

* No more SITE (Standard Tax on Employees).

* Fuel tax increases to total 25.5c/litre.

* Cigarettes and booze taxes up.

 
Links

RETSOL BECOMES JAVA BRANDS
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SPUR EXPANDS INTO RURAL AREAS WITH SMALLER RESTAURANTS
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ENTREPRENEURS WORKSHOP: FRANCHISINGFEBRUARY 24, 2010
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EVERSHEDS LEGAL TRAINING
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Business Tip

The era of POWER is over; everything in today’s business world is about ETHICS. The success of our International Franchise concept is based on mutual trust and long term relationships.

 
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