Budget 2014: If we are to create jobs, we need to do more than just hold the line
Today Finance Minister Pravin Gordhan tabled a budget that holds the line against populist pressure, but provides no real tax concessions and few bold reforms to get growth going or tackle unemployment.
The blame doesn't necessarily lie with the Minister because he appears to have learnt that the President will not back brave reforms in the face vested interests in the tripartite alliance.
In his speech the Minister reflected favourably on progress made since 1994 - something all South Africans acknowledge. He laid the blame for slow growth and job losses in the past five years, however, on the global financial crisis without mentioning South Africa's additional "crisis of political leadership" under President Jacob Zuma and his ANC.
It is this poor leadership that has left our economy stuck while our competitors have bounced back strongly.
As usual the Minister made the right noises about implementing the National Development Plan (NDP) in the future, but we have had the plan in place for a year-and-a-half, and government has little to report on actual implementation, especially when it comes to: