IT not even mentioned in the Budget
In a country of 90 million young people, isn’t it amazing that the Budget does not even mention the dynamic Information Technology area. The least we were expecting was the removal of the 15% GST from computer equipment, exemption from loadshedding for the IT sector similar that which has been made available to the Banking & Finance sector and the Telecom sector, and a few other fiscal incentives that have been proposed by the industry that would boost the growth of companies, thus enabling entrepreneurs to create more jobs.
There was also no mention of investment in R&D, Innovation or Capacity Building for the technology sector or the promotion of Entrepreneurship. I know we have basic problems of food and poverty to address and I have no issue with the money being spent on Social Programs and Health. In fact those sectors needs a lot more than what has been allocated. The amount allocated to Education is also insufficient. However, there have been concessions offered to the Textile sector.
Perhaps a mini budget will follow that will focus on Information Technology 😉 After all, the budget for the Capital Markets was announced a week before the main Budget. One can but hope.
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