A confident Mr Gordhan told parliament that the economy is on track, after improved export figures from a weaker rand and a fourth-quarter 2013 spurt in GDP growth, resulted in an over-budget collection of taxes (R4 billion) for the year though March.
£11.5 billion of spending cuts are planned with local councils losing £2.6 billion and education £500 million. Almost all departments will be affected including Welfare, Police, student grants and charities, with 144,000 public sectors jobs being axed.
Yesterday, Eskom again begged its customers to stop using its product. Not the expected behaviour of a service provider, but we are threatened with possible catastrophic power blackouts and Eskom needs to protect the national grid.