The 2016 national budget statement that was presented by Finance Minister, Patrick Chinamasa, in Parliament on November 26, 2015 paints a very gloomy and depressing picture of the state of our economy.
Oscar Pistorius is out of jail after serving one year of a five year sentence for murdering his girlfriend Reeva Steenkamp on Valentine’s Day in 2013. He is under house arrest in his uncle’s Waterkloof home, an upmarket Tshwane suburb. Unless the state appeal to turn his culpable homicide conviction into murder succeeds, he will literally have gotten away with murder.
The ugly situation in Zimbabwe was reflected in the pitiful budget of $4 billion announced by Finance Minister Chinamasa on Thursday. The budget is even smaller than last year’s. To put it in perspective, the money involved is less than half the annual turnover of the South African food retailer Shoprite . . .