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Pravin Gordhan, Minister of Finance. Photo: Matthew Jordaan.
The allocation of funds for infrastructure outlined in Finance Minister Pravin Gordhan's Budget speech were welcomed by the Chamber of Mines on Wednesday.
The WWF welcomed government support for business growth initiatives, particularly as small business development would stimulate job creation, chief executive Bheki Sibiya said in a statement.
“The minister's speech is further encouraging in his recognition of the fact that to compete in the global economy requires flexibility, innovation and leadership,” he said.
The presidential infrastructure co-ordinating commission would help clarify long-term investment plans that would enable growth of the mining industry and address economic change.
Sibiya pledged that the chamber would work with the government to reduce unemployment and inequality. It also eagerly awaited the second round of public comment on carbon taxation and the creation of new economic development zones.
“The minister's speech has made a contribution towards improving investor confidence,” Sibiya said. - Sapa
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