Mines welcome ‘prudent budget'

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Budget Speech SA 2014 ~1.JPG AP Minister of Finance Pravin Gordhan delivers delivers the 2014 Budget Speech in Cape Town.

Johannesburg - The Chamber of Mines welcomed Finance Minister Pravin Gordhan's announcement on Wednesday of partnerships between government and business.

“The Chamber is encouraged by the focus on prudent macroeconomic decision making in a challenging global and local economic environment and particularly in the context of the struggling mining sector,” president Mike Teke said in a statement.

He said the minister's focus on the critical need for partnership between government, business, labour and civil society in order to achieve the higher growth rates envisaged in the National Development Plan was critical for the mining sector and for the country.

“It is through collaborative problem solving partnership that we can break down the barriers to higher growth for the benefit of all citizens, he said.

Teke added that the commitment by government to improve the efficiency and availability of infrastructure, particularly freight rail and electricity, were important commitments which the mining industry fully supported.

“We will work collectively to continue to improve the investment environment with government and other key stakeholders.”

He, however, called on government to encourage its state-owned companies to deliver on their infrastructural commitments, and in the case of electricity for the load to be shared between all users during tight supply periods. - Sapa


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