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National Budget 2017/2018: reforms at a glance

In his opening speech, Minister of Finance Pravin Gordhan identified some of the factors which support the case for a radical transformation of economic models and inclusive growth. Minister Gordhan placed emphasis on the fact that the middle class have been left behind, 95% of the wealth in South Africa is in the hands of 10% of the population, 35% of the labour force is unemployed or has given up on finding work and poverty is concentrated in townships and rural areas.