{"id":2519,"date":"2020-02-27T11:28:50","date_gmt":"2020-02-27T11:28:50","guid":{"rendered":"https:\/\/www.tlu.co.za\/?p=2519"},"modified":"2020-02-27T11:29:24","modified_gmt":"2020-02-27T11:29:24","slug":"tlu-sa-sees-positive-signals-in-budget-speech-but-still-worried-about-implementation","status":"publish","type":"post","link":"https:\/\/www.tlu.co.za\/en\/tlu-sa-sees-positive-signals-in-budget-speech-but-still-worried-about-implementation\/","title":{"rendered":"TLU SA sees positive signals in Budget Speech, but still worried about implementation"},"content":{"rendered":"

TLU SA is pleased to see some positive signals from the Minister of Finance, Mr Tito Mboweni, during his Budget Speech, despite the small leeway he had for manoeuvring.<\/span>
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\nHe confirmed that the increase in government wages, corruption and wasteful expenditure of state funds is a priority that must be brought under control to get to the point where the government can hire adequately skilled employees.<\/span>
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\n\u201cWe are delighted the minister showed he is serious about getting the expenses column and the income column in balance,\u201d says Mr Louis Meintjes, the president of TLU SA. \u201cBut, the proof will be in the pudding.<\/span>
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\n\u201cWe should look at his announcements in context. South Africa is still caught up in uncertain policies which cannot guarantee economic growth. Issues like expropriation without compensation and the push for transformation at the cost of hiring skilled employees, are glaring examples.\u201d<\/span>
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\nThe focus on the development of infrastructure with an allocation of R10 billion over three years is a step in the right direction. It is good to see that the government committed to ensuring a stable electricity supply by restructuring the sector. Strict conditions should, however, be linked to further financial support.<\/span>
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\n\u201cThose conditions must ensure the tax payer\u2019s money doesn\u2019t land in a bottomless pit \u2013 as is the case with SAA and other state-owned entities,\u201d says Mr Meintjes. \u201cDespite SAA being under business administration, the goal is still to restructure the airline radically. The skill and effectiveness that must bring this change about do not currently exist in SAA. This could be what stops Mr Mboweni from getting his win.\u201d<\/span>
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\nThe 25 cents per litre increase in the fuel levy is always a blow to TLU SA members \u2013 the agricultural industry. It will also have a significant impact on the economy.<\/span>
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\n\u201cTLU SA is satisfied with the allocation of R495million to improve compliance with biosecurity and support exports, specifically in light of the catastrophic consequences of foot and mouth diseases outbreaks,\u201d says Mr Meintjes. \u201cBut we are apprehensive about the R500million allocated to complete land claims. It is clear that the government is not considering to apply expropriation with compensation.<\/span>
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\n\u201cThis is a big red light will shine even more uncertainty and negativity on investors trust.\u201d<\/span>
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\nIn light of the high amounts for and emphasis on education, TLU SA wants to call on the government to take strict action against students who damage infrastructure through violent protests. Guilty parties should lose their privilege to study, forthwith.<\/span>
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\nPolice should take firm action against any person, but specifically labour unions, who try to get their way by looting.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

TLU SA is pleased to see some positive signals from the Minister of Finance, Mr Tito Mboweni, during his Budget Speech, despite the small leeway he had for manoeuvring. \u00a0 He confirmed that the increase in government wages, corruption and wasteful expenditure of state funds is a priority that must be brought under control to […]<\/p>\n","protected":false},"author":5,"featured_media":2517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-2519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-english"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t