Professor Matthew Lester from
The seminar also had an opportunity to see the launch of the small business entrepreneur of the year competition to be held in
Lester says the budget did not contain a lot of additional packages. "This year's budget was about finding a way that 50 million South Africans can live on multi-millions a year. It did not contain a lot of additional packages and support for small business - but those packages already exist. They are in the Acts already. Tax is not a problem facing small business today."
Late last month, the finance minister delivered the third budget of President Jacob Zuma’s administration. Gordhan announced a budget deficit of 4.6% of GDP is projected in 2012/13 with plans to reduce the deficit to 3% of GDP in 2014/15.