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 The
most positive aspect of today's Budget is the news that spending on infrastructure
elements such as electricity supply, roads and water systems will continue
for many years after the Soccer World Cup, says Harcourts Africa GM Jeanne
van Jaarsveldt.
"Although the people visiting the country will primarily be coming
to watch sport and not to look for property or business opportunities,
it does present us with a fantastic chance to showcase SA - and to persuade
many people to return over the next two or three years to invest here.
It is thus very important that they should see continued development and
upgrading.
"Even more importantly, these measures will directly address unemployment
and poverty among South Africans, and combined with the additional expenditure
and focus on education and training, health, housing and social protection,
should finally bring about real improvement in the lives of millions of
people.
"In the short-term, we also welcome the news that government intends
to clamp down on corruption, put systems in place to capacitate better
service delivery by municipalities, and clean up procurement systems.
This will help to rebuild consumer confidence, which is a critical element
in the recovery of the property market."
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Newsletter:
3 February 2012 to 10 February 2012 - Krugersdorp, Gauteng, South Africa
