“Cyril Ramaphosa does seem to bring something different to this government, along with his team of finance minister Tito Mboweni, and public enterprises minister Pravin Gordhan,” says Nicolaas van Wyk, CEO of the SA Institute of Business Accountants (Saiba), in response to Mboweni’s Budget speech today.
Van Wyk says there were some notable positives from Mboweni’s first Budget, including the announcement that first-time home buyers will benefit from a R950 million subsidy over the next three years. This is part of the government’s “Our Help To Buy” initiative to help first-time buyers to own a home.
“We support the efforts to increase property ownership and funding – more people need homes,” says van Wyk. Read more on Accounting Weekly.