Brand South Africa welcomes Minister Gordhan’s Budget Speech

The increase in budget for the Criminal Justice System and the police services will support the priorities of fighting crime and ensuring that the criminal justice system functions efficiently. The Department of Police has reprioritised R2.5b over the MTEF to improve detective and forensic capability. The Department of Justice and Constitutional Development receives R1.2b for the revamp and modernisation programme. These increases recognise the rights of South Africans to access efficient and well-resourced criminal justice services in accordance with the Constitution.

As a developing country SA requires investment in critical infrastructure projects that will have a catalytic impact on the economy. In this regard Brand South Africa welcomes the announcement that over the next 3 years R827 billion is planned to be spent by the fiscus and state-owned companies on infrastructure.

Minister Gordhan also emphasised that in order to achieve socio-developmental objectives, the 2013-14 budget allocation of R430b for construction of schools, hospitals, clinics dams and electricity distribution networks is, among other imperatives, intended to encourage business to keep investing in our economy and seize the opportunities around us.

Minister Gordhan indicated that the NDP acknowledges the global shift of economic power from West to East, while also highlighting the rise of Africa. Brand South Africa welcomes the Minister’s announcements on a number of proposed measures to relax cross boarder financial regulations and tax requirements for companies. “This is an important step to enabling trade and supporting regional integration” says Miller Matola, Brand South Africa CEO.

Note to Editors
Brand South Africa, previously known as the International Marketing Council of South Africa, officially changed its name to best align with its mandate of building South Africa’s nation brand reputation in order to improve its global competitiveness.

For more information, please contact:
Maredi Mogodi
+27 11 712 5057
Email: maredim@brandsouthafrica.com
Visit www.brandsouthafrica.com

ENDS.