Finance Minister Pravin Gordhan has acknowledged that some public statements are denting confidence in the country.
He delivered his medium term budget policy statement on Parliament on Tuesday.
When asked about statements regarding nationalisation, Gordhan said, “If we are serious about growth, if we are serious about job creation and put that ahead of any other interest that we might have, we can do extraordinary things to contribute what's creating the right level of confidence in our country, economy and society."
He announced a R25 billion stimulus package to be rolled out over the next six years.
Trade and Industry Minister Rob Davies said the finer details of the package would be fleshed out in next year’s budget.
It is expected to boost industrial development and to rescue struggling companies.
Both existing and new businesses are expected to benefit.
Davies said it is all about job creation and establishing an enabling environment.
"It covers some of the measures we’ve been talking about which have to do with raising competitiveness in manufacturing,” he said.
Davies said they will be working with Treasury to ensure a comprehensive plan is tabled in next year’s budget.
Apple acknowledged that prices of best-selling ebooks rose after they launched iPad book sales.
Telkom will pay a fine of R200-million, after it reached an agreement with the Competition Commission.
A weaker rand and higher oil prices are likely to push the petrol price to record levels in July.
