Friday, February 27, 2015
South Africa's national budget.
Finance Minister Nhlanhla Nene on February 25 presented his maiden full budget address to parliament. The revenue shortfall for 2014/15 rose to 14.7 billion rand (1.28 billion dollars) from 12 billion rand expected in October 2014's mid-term statement. Nene focused on how to raise additional revenue and contan spending without stymying growth. However, he left key questions unanswered.