DURBAN - It is obviously going to be very difficult for Finance Minister Tito Mboweni and his team to find any leeway in the Budget to allow for tax cuts.
But there should be room for a focus on measures to promote infrastructure and housing development, which are both not only labour intensive but also big downstream revenue and employment creators.
That’s the word from Rudi Botha, Chief Executive of SA’s leading bond originator BetterBond, ahead of the National Budget Speech on Wednesday.
"In our business, we would obviously like to see everyone be able to afford their own home – but higher rates of home ownership can ultimately only come from increased permanent employment, in both the corporate and the entrepreneurial sectors," said Botha.
He added "Along with mining, agriculture and tourism, the repair and development of SA’s physical and communications infrastructure and the creation of new housing have the potential to attract both foreign and local investment and create many thousands of new permanent jobs a year".