Budget 2011

Funding for Housing and Municipal Services

Finance Minister Pravin Gordhan has announced that an additional R4.9 billion will be allocated for housing and municipal services over the next three years.

Gordhan stated that, “Realising this outcome will require speeding up service delivery, eliminating regular patterns of underspending in certain provinces, and improving the efficiency of local government housing processes.”

He is of the view that building adequate and safe human settlements raise living standards and create job opportunities.

Trust for Community Outreach and Education Comments on the 2011/12 Budget

This 2011 budget has allocated much of its revenue to education, health and job creation. It seems to be a budget that aims to support the Government’s drive to create jobs and is according to Minister Gordhan inspired by Chris Hani who said, “we want to build a nation free from hunger, disease and poverty, free from ignorance, homelessness and humiliation.”

Afesis-corplan Comments on the 2011/12 Budget

The highlight of Pravin Gordhan’s budget speech has, undoubtedly, got to be the whopping R150 billion that he set aside for job creation to benefit the youth. This coupled with the various other capital expenditure allotments should result in improvement of livelihoods in the municipalities.

It was also gratifying to note that Treasury has identified at least R6 billion that had been lost through corruption, fraud and tax evasion. However, this is still a dismally small percentage of the astronomical figures that we lose through corruption annually.

Readucate Trust Comments on the 2011/12 Budget

e.tv's preamble to the Speech seemed to focus largely on KwaZulu-Natal where it was stated that there is an illiteracy rate of 60 percent. The Minister did not once mention illiteracy, but gave hope as extra allocations of finance went to education which has the largest share of the budget. More was directed to education and skills development with the FET's getting R800 billion over three years, R5 billion to National Skills Fund and more billions to the SETAs.

Idasa Comments on the 2011/12 Budget

Both the 2009 and 2010 Budgets can rightly be called crisis budgets. They were released during a recession and its immediate aftermath, amidst large-scale job-losses in the South African economy and a great deal of uncertainty around the pace of global and domestic recovery. Though we are not yet out of the woods, the economic backdrop to the 2011 Budget does look more favourable, and a note of cautious optimism seems appropriate now.

African Monitor Comments on the 2011/12 Budget

The 2011 budget sets out to ensure, among other things, that government can intensify activities that make a difference to the lives and prospects of all South Africans. He used the word ‘dignity’ at least four times in his speech. To a large degree Mr Pravin Gordhan, the Minister of Finance, has gone a long way to give something to everyone. In particular the various initiatives that provide for a boost to employment opportunities for the youth deserve to be applauded.

South African National Zakah Fund Comments on the 2011/12 Budget

Balancing Social Spend with a Developmental Agenda is Key to our Country’s Success

The South African National Zakah Fund (SANZAF) welcomes Finance Minister Pravin Gordhan's steady leadership and courage to forge ahead with social spending, notwithstanding the local and global economic climate. We are particularly encouraged by the Minister's pragmatism in ensuring “development first rather than dependence on social security”.

SaveAct Comments on the 2011/12 Budget

There was nothing inherently wrong with the way funds have been allocated to sectors in the budget. South Africa has been fortunate not to have been badly affected by the recession. It has an abundance of resources compared to other countries in Africa. The problem lies in a lack of ideas, a lack of a sense of how to tackle unemployment. South Africa’s major challenge is about a failure of vision, a lack of capacity, and a damaged social fabric (eroded by greed and self-enrichment). Unless dealt with decisively, funds will continue to be poorly utilised.

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