Still on course
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.