Still on course

Finweek English Edition - - The Finweek -

FI­NANCE MIN­IS­TER Trevor Manuel’s mini Bud­get was gen­er­ally well re­ceived. Manuel com­pared the prob­lems and strong points in South Africa’s econ­omy with those of the rest of the world and said a growth rate of above 3% was still within reach this year. He gave as­sur­ances of Gov­ern­ment’s com­mit­ment to an inflation tar­get of no more than 6%. BUSI­NESS DAY said Manuel didn’t try to play down the eco­nomic storm but his in­terim Bud­get nev­er­the­less in­di­cated SA’s fis­cal ship is far­ing well. The Mer­cury said Manuel had pressed most of the right but­tons. The Her­ald praised him for stay­ing on course, de­spite var­i­ous fac­tions and pres­sures. The Sun­day Times said it had peace of mind over Manuel’s fis­cal dis­ci­pline.

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