Focus on economic transformation

Today is Budget Day, and if you are interested in how government will be spending hard-earned tax bucks, its a good idea to tune in and listen as finance minister Pravin Gordhan ‘balances the books’ at 14h00. His speech will also be broadcast live online, and the text – as well as the full budget – will be available for download from the National Treasury website from around the same time.

While macro national expenditure plans for South Africa have already been mapped out in the 2010 Medium-Term Budget Policy Statement (MTBPS), keen eyes will also be watching the extent to which Treasury’s careful bean-counting aligns with the economic development priorities set out in The New Growth Path and President Zuma’s recent State of the Nation Address.

This week, the IJR also launches the 2010 Transformation Audit: entitled Vision or Vacuum?, the Audit focuses on issues related to the quality of current economic and political governance in South Africa. (Further launch details available from Oliver Meth on 021 763 7128 or

And, for more insight into the state of economic governance and Budget 2011 from the Transformation Audit project, have a look at this editorial piece by Jan Hofmeyr, which appeared in the Cape Times and The Star this week.

Press Release for MEDIA

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