Among the new challenges that will affect the budget, is the reduced SACU receipts over the next few years. As our fiscal policymakers are aware, bold measures are needed to make sure public finances are put on a sustainable path over the medium term. These will include reduced expenditure on recurrent expenditures, especially on personnel costs, and a broadening of the tax base.
To survive and prosper in today’s world, businesses need to keep abreast of global technological trends, be ready to innovate and apply new technologies to both their production processes and the development of new products and services for their clients.