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Examples
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Kuscus said the board of trustees recommended the increase in pensions to the Minister of Finance as well as a catch-up increase to protect pensioners from the full effect of inflation.
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"The basic increase and this catch-up have been made possible by the strong performance and sound management of the fund, and maintain the full real value of all pensions achieved in 2007," Kuscus said.
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"The present budget makes a substantive contribution towards economic freedom as it provides health, infrastructure, housing and welfare grants, which acts as safety nets; it provides our youth with skills needed to enter and participate more easily in the labour market; it provides through various rural development and small business initiatives access to product markets for our isolated and marginalised producers and it contributes towards the reduction of inequalities in our society," said Kuscus.
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Premier Popo Molefe failed to address the conference because, according to Kuscus, he was held up in party political commitments.
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Kuscus said North-West had in place a council to advise it on the formulation of a five-year small, medium and micro enterprise development strategy.
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Kuscus said the province needed to take advantage of its location in the East West Development Corridor running from Maputo in the east to Walvis Bay in the west.
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Construction and upgrading of a road through the corridor would cost the province about R1,56 billion, Kuscus said.
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Entrepreneurial Support Centre near Sun City, Kuscus said the amount was double the sum budgeted for the 1996/1997 financial year for small business development.
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Presenting the 1998/1999 budget in the legislature, Kuscus said funds for the province's R7,577 billion budget consisted of R7,216 billion from national government and the province's estimated revenue of R341,4 million.
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"The budget at hand is a sincere and realistic attempt to facilitate ... advancement of democracy in our province," Kuscus said.
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