South African Budget - 2009/10

Weathering the storm Pronounciation: anchor (’æ?k?) n. Nautical A heavy object attached to a vessel by a cable or rope and cast overboard to keep the vessel in place either by its weight or by its flukes, which grip the bottom. A rigid point of support A source of security or stability.

Minister of Finance, Trevor Manuel, presented the Budget for the 2009/2010 fiscal year on Wednesday 11 February 2009.

The main changes to the budget for the next three years are:

• R12 billion more for social grants
• R7.6 billion more for public transport, roads and railway infrastructure
• An extra R8.7 billion for housing, water and general built environment
• R2 billion more for 2010 World Cup Stadiums and related infrastructure
• An additional R6.7 billion for HIV and Aids, hospitals and tertiary services, TB- MDR and XDR
• R2.5 billion for industrial development and SMMEs
• R2.6 billion more for agriculture and land reform
• R2.7 billion extra for forensic laboratories and additional police personnel
• R2 billion more for correctional facilities
• R1.4 billion more for higher education, research and knowledge development