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Nene forecasts expenditure hike

Economy
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Cape Town 101028. Deputy Finance Minister, Nhlanhla Nene is his 120 Plein Street office. PHOTO SAM CLARK, CA, Gaye Davis

Johannesburg - South Africa's fiscus is likely to see an increase in spending, but is looking to focus the expenditure on investment, Finance Minister Nhlanhla Nene said on Tuesday.

“We actually see a moderate increase in our expenditure, and what we are doing is looking at the composition of the expenditure, with a particular focus on investment rather than consumption,” Nene told analysts at a Thomson Reuters event in Johannesburg. - Reuters

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