Gold prices help S. Africa propose a growth budget

South Africa, buoyed by high world prices for its gold, has announced a "something for everyone" growth budget including $1.1 billion in tax concessions and an 11 percent increase in defense spending. Finance Minister Owen Horwood, presenting his budget to Parliament for the fiscal year starting April 1, also announced higher pay for teachers and other civil servants, improved education and housing for blacks, and the abolition of import surcharges.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK