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Budget

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2014 Budget: The big picture – some income tax relief; massive spending on social grants, education

28th February 201426th February 2014

From SAPA Income tax relief of R9.3 billion and massive future spending on social grants are among the main features of this year’s pre-election budget. Other highlights include a budget deficit that is expected to narrow to 2.8 percent of GDP by 2016/17, supporting a stabilisation of debt at 44.3 percent of GDP. Tabling his … Read more

Rand holds well below R11/$ ahead of perhaps Gordhan’s final Budget

28th February 201426th February 2014

There is significant speculation today will be South Africa’s widely admired Finance Minister Pravin Gordhan’s final Budget Speech. Former Central Bank Governor Tito Mboweni has been widely tipped to succeed the 64 year old who followed the equally highly rated Trevor Manuel.  The perfect time to switch would be after May’s Election when the ANC … Read more

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