Some economists contend that the main risk to growth currently was the Ukraine and Russia conflict, as it had the potential to impact global growth as well as the inflation outlook, given the increases in energy and commodity prices among others.
While the 2022 Budget is expected to be in unison with last year s Mid-Term Policy Statement, skills targeting has been proposed as a medium-term remedy for growth.
Many South Africans want to hear how Finance Minister Enoch Godongwana plans on promoting economic growth, whether there will be added financial burdens by increased taxes on fuel, tobacco and alcohol and how government plans on creating an environment that promotes job creation.
Minister Enoch Godongwana said he had a meeting with the police minister recently where he expressed his concern about criminality saying this had a direct bearing on investor activity.
Cosatu wants the South African Reserve Bank (Sarb) to further lower the repo rate by 50 basis points when its monetary policy committee next meets, and for commercial banks to “come to the party” in helping make credit affordable.