News Articles

Finance Minister warns about visa uncertainty

Source: tourism update, 30/07/2015


Finance Minister, Nhlanhla Nene, has singled out the new visa
regulations as one of three policy issues causing uncertainty in the
economy
Finance Minister, Nhlanhla Nene, singled out the new visa regulations
as one of three policy issues causing uncertainty in the economy at
the key African National Congress Lekgotla over the weekend.
The Lekgotla was a three-day meeting by the ANC`s policy-making elite.
According to Business Day, Nene sketched a frank and bleak picture of
the economy when he acknowledged that the government was partly
responsible for eroding SA`s growth potential.
South Africa was unlikely to achieve the 5% target by 2020 that was
set in the National Development Plan. It was more likely to be 3% in
the medium term, he said. After following the global average for
years, SA`s growth potential was currently far below the global
average, he told delegates.
The other policy issues he mentioned that caused uncertainty were land
reform strategies in agriculture and amendments to the Act regulating
the minerals industry.


Search
South Africa Immigration Company