In his Medium Term Budget Policy Statement, Finance Minister Tito Mboweni said Africa has a young, growing, entrepreneurial population. He said Sub-Saharan Africa is expected to grow by 3.6 percent next year, the second-fastest growing region after Asia, excluding Japan.
Jolawn Victor, head of emerging markets at Intuit QuickBooks, welcomes government’s economic policy priority “to enact reforms that will enable South Africa to break from the spiral of anaemic growth, promoting investment and job creation”.
Mboweni said that a conducive business environment is critical to support the confidence of businesses. He added that measures to expand telecommunications services by allowing for the rapid expansion of fibre infrastructure, accelerating the spectrum licensing and a move towards 5G will make it easier to do business. Read more on Accounting Weekly.