Prudent: now Govt must watch spending

2013-03-13 00:00

KWAZULU-NATAL’S business community and other experts welcomed Finance MEC Ina Cronjé’s provincial budget, describing it as prudent in light of the country’s fragile fiscal resources.

CEO of Durban Chamber of Commerce and Industry Andrew Layman said the reduction in the money, called the equitable share, given to KZN was significant. However, he added that cost-cutting measures should not affect the province’s investment in infrastructure and service delivery.

“Some of these measures should have been in force already because they are often associated with wastefulness,” he said. The chamber commended the MEC for rescuing the provincial bank account from a deficit position in 2010 but warned senior government officials will have to work hard to manage KZN’s money.

CEO of the Pietermaritzburg Chamber of Business, Melanie Veness, said the funds allocated to programmes combating fraud and corruption impressed her.

KZN-based economist Kwanele Gumbi said the government still needed to prevent overspending and accountability at the coal face. “Reporting mechanisms must change … to safeguard our resources,” Gumbi said.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Men.24 Model of the Week: Wendy from Cape Town

Find out more about our featured model, Wendy from Cape Town


You won't want to miss...

Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.