Democratic Alliance Shadow Minister of Finance Dion George has criticised Finance Minister Enoch Godongwana’s Budget speech as a “missed opportunity” for failing to announce sound structural reforms that could drive economic growth, incentivise savings and attract foreign capital. Godongwana’s much-anticipated speech comes as South Africans are frustrated with ongoing loadshedding that is negatively impacting on businesses and ordinary people. George said the Budget completely ignored the country's mounting debt problem, and it offered no solution to revitalise State-owned enterprises or address the energy crisis. The ruling African National Congress welcomed the budget, which it said confirmed decisions taken by the party in its 55th National Conference, and NEC Lekgotla, as well as the recent State of the Nation Address delivered by President Cyril Ramaphosa.
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