NAAMSA MEDIA RELEASE ON THE 2012 / 2013 BUDGET

Commenting on the budget proposals announced today by the Minister of Finance, Mr Pravin Gordhan, in Parliament – the President of the National Association of Automobile Manufacturers of South Africa

(NAAMSA) – Mr David Powels said that against the background of slower growth in the domestic economy and an uncertain and challenging global economic outlook – the Minister had tabled an appropriate and disciplined set of budget proposals intended to support growth, employment and poverty alleviation through targeted interventions. Particularly noteworthy was the substantial expenditure earmarked for competitive enhancing capital infrastructure development focusing on projects in the energy, transport and logistics sectors.

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