News24

Zuma praised but oversights questioned

2012-02-10 18:00

Cape Town - Observers have welcomed President Jacob Zuma's focus on economic development in his state-of-the-nation address, but said he neglected other areas of concern, notably mining regulation.

The SA Chamber of Commerce and Industry (Sacci) said on Friday it was particularly heartened by pledged infrastructure developments that would "facilitate the movement of coal and other minerals to our ports and global markets that has long been a hindrance".

Sacci president Chose Choeu welcomed the announcement of potential savings of R1bn for business on port tariffs and the continued focus on growth and job creation.

However, he pointed out that Zuma's boast about the latest job creation figures omitted to mention that the achievement still fell short of the state's target.

"Although 365,000 people were employed in 2011, the average target of 500 000 per year was not achieved."

Choeu said the chamber would have liked Zuma to have announced new measures to help business create jobs. It thought he should also have allayed foreign investors' fears on nationalisation.

Economist Dawie Roodt agreed that Zuma missed an opportunity to address the uncertainty that faced the mining industry, especially in the wake of reports that the ANC's policy research document proposed a 50% tax on so-called "super" profits.

"Perhaps the minister of finance will say something about it in his budget speech, but President Zuma had an opportunity to quell fears of unrealistic new taxes," he said.

"An opportunity missed to give the mining industry a shot in the arm, although mining is likely to benefit from a huge capital infrastructural improvement."

Roodt said Zuma should also have raised fiscal policy as the tax regime was ripe for reform.

It was, however, likely that any mention of this would be left to Treasury chief Pravin Gordhan when he tables the budget in less than a fortnight.

The chamber of commerce noted a lack of practical pronouncements on improving education, an issue also raised by the National Professional Teachers' Organisation of SA.

Naptosa president Ezrah Ramasehla said schools remained beset by infrastructure problems and the lack of text books was still dire.

"We must not allow the increase in the pass rate to blind us to the ongoing crisis that still exists in education."

The Cape Chamber of Commerce and Industry greeted Zuma's announcement on cutting port tariffs as good, and overdue, news.

"South African port tariffs, especially for container traffic, are completely out of line with tariffs in other world ports and the curb on the appetite of Transnet’s 'cash cow' is long overdue," said Michael Bagraim, president of the chamber,

He said the news would be especially welcomed by the Western Cape’s fruit and wine producers who were exporting into a depressed European market.

"This is one of the administered price increases the chamber has campaigned against for the last few years.

"This success will encourage us to become more aggressive in our criticism of airport tariffs, electricity prices, and the outdated way in which petrol and diesel prices are calculated."

Comments
  • Vusi - 2012-02-10 18:11

    I'm really sorry to burst the positive bubble, but all of this yada yada of last night has left me wondering who the tenders for R300 Billion worth of Infrastructure is going to be given to?????? R300 Billion and can you imagine how we are going to be screwed?

      Luvo - 2012-02-10 18:33

      @Vusi - That was a cheap shot at last night's speech. You do think like a compromised black. Give the president his dues as last night speech was by far the best he's ever delivered in his seating as a president. Guess one can never please everyone and shouldn't try ...

      John - 2012-02-10 18:36

      Where are the Swedish 5 Billion? Where are the IMF Billions, the Bribes which the IMF paid for the Kgatse Dam? Remember the IMF scandal? You can not be trusted! Publish the World Cup Accounts, show the World what a machine gunner you are!

      maseratifittipaldi - 2012-02-10 18:41

      I more or less feel the same, Vusi. The infrastructural development plan is a very late step in the right direction, but I think your fears of corruption are well founded. The ANC won't easily abandon their aspirations to royalty. Their parasitic tendencies are inbred.

      Martin Myburgh - 2012-02-10 20:33

      From one man he created all the nations throughout the whole earth. He decided beforehand when they should rise and fall, and he determined their boundaries. (Acts 17:26 NLT)

      John - 2012-02-10 22:04

      Zuzuma Jesus loves you, Zuzuma, Your mother loves you, Zuzuma, Your father loves, Repent, Manpara, repent, Repent, Ignorant, repent, Repent, Negligent, repent, Repent, Liar, repent, Repent, Thief, repent, Repent, Baby Killer, repent, Repent, Genocider, repent! Okai, stop the bus, how can you say that? Lets have a look: Zuma is Ignorant that the Failed Communist Countries like the USSR, China, Vietnam, Cuba, etc, employed Central Control Economies ( CCE ), with full and total nationalization. Negligent - as the head of an organization, it is his duty to be fully informed of the economic history of total disasters of CCE. He does not know that Gorbachov announced reforms away from nationalization – in the early 1980’s! He is a Liar, because these are not his ideas, these ideas have been around for over 100 years. Thief, he has stolen the PEOPLES money – that is how bribery and corruption works. Baby Killer, as a member of the ANC – Abortion Murder Genocide, is guilty of the Genocide of 800 000 black babies in government hospitals! Genocider, as a member of the ANC – Abortion Murder Genocide, is guilty of the Genocide of 5 Million Aids sufferers which were refused medication. Repent, Manpara, Repent!

      Graham - 2012-02-10 22:23

      Piss off John - you have written that post 100 times..

  • Vegi - 2012-02-10 18:22

    Only ignorant people believe the pie in the sky promises that Mr Zuma made. The absence of specifics as well as definite time frames clearly shows that the only purpose of the announcements is to hoodwink the gullible public by rehashing the same story over and over again, even those that have been rehashed by his predecessors and their subordinates for maximum political milage. A case in point is the proposed dam in the Mzimvubu River which is touted to revitalize the Eastern Cape economy by supporting irrigation and producing the much needed electricity. This was first proposed in 1992 while Zuma was still a freedom fighter. In 2005 the Eastern Cape government dusted this old proposal and made it their own, even announcing ambitious time frames of the next ten (10) years i.e. 2005 to 2015. Besides building a stupid wear, nothing has happened ever since. Zuma is rehashing the same old news for a fresh applause, whereas his predecessors were applauded when they made the same lies. This is a coldly calculated manouvre to steal undeserved political support from the gullible public. Judging by the comments on this forum, the gullible public has fallen for the old lies once more.

      Vusi - 2012-02-10 18:52

      Thousand thumbs up for you Vegi! I'm also tired of the yada yada.

  • Vegi - 2012-02-10 18:30

    wear - "weir"

  • Vegi - 2012-02-10 18:31

    Only ignorant people believe the pie in the sky promises that Mr Zuma made. The absence of specifics as well as definite time frames clearly shows that the only purpose of the announcements is to hoodwink the gullible public by rehashing the same story over and over again, even those that have been rehashed by his predecessors and their subordinates for maximum political milage. A case in point is the proposed dam in the Mzimvubu River which is touted to revitalize the Eastern Cape economy by supporting irrigation and producing the much needed electricity. This was first proposed in 1992 while Zuma was still a freedom fighter. In 2005 the Eastern Cape government dusted this old proposal and made it their own, even announcing ambitious time frames of the next ten (10) years i.e. 2005 to 2015. Besides building a stupid wear, nothing has happened ever since. Zuma is rehashing the same old news for a fresh applause, whereas his predecessors were applauded when they made the same lies. This is a coldly calculated manouvre to steal undeserved political support from the gullible public. Judging by the comments on this forum, the gullible public has fallen for the old lies once more.

  • Marius - 2012-02-10 19:36

    Nothing really new, just sugarcoating. We need meat, not cake!

      Vegi - 2012-02-10 20:04

      He is recycling old promises.

  • Charmaine - 2012-02-10 20:04

    It's only words, all that tax payers money gone to waste for What? The serious issues of crimes towards Human Beings were not addressed. B.E.E. ????? we will just have to wait and see what happens next.

      Graham - 2012-02-11 05:38

      DA also support BEE according to their manifesto...

  • ISO - 2012-02-10 21:02

    Its sad thou, most people want to work and earn a living, but not enough jobs for everybody. So i think its a good idea for SA to adopt the principles of a government such as the UK in terms of social wellbeing.

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