The National Treasury is awaiting clarification from the Senate on the same." "Looking ahead, 64 per cent of industrial manufacturers forecast zero or negative revenue growth in the next 6 months while 2 per cent expect positive revenue growth," stated KAM in the third edition of the Menya Manufacturing Barometer. "It is likely therefore, that the financing gap is much higher than envisaged," stated Treasury. "Revising the development budget downward in the course of the year could lead to lower contribution of the development budget towards sustainable economic development," read a Treasury report in part. "These interventions were meant to boost economic growth and development including creation of jobs and promotion of welfare.

Source: Standard Digital October 24, 2017 07:18 UTC