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LATEST Budget  

News and coverage of South Africa’s most recent and past budget policy statements, speeches and related articles.
1

Why SA’s budget for 2022 may reinforce inequality

3 Mar 2022 /  Daniel McLaren, Zimbali Mncube, Cheryl-Lyn Selman and Lindi-K Khumalo, GroundUp
Less money for public schools and healthcare, but tax breaks for corporates and individual taxpayers

Could government finally be hearing business’s calls?

28 Feb 2022 /  Busi Mavuso
For once I feel like business and government are not pulling in opposite directions: BLSA CEO.
2

Wealth declaration is not all negative

28 Feb 2022 /  Amanda Visser
Allows government to gather better information before starting to make any tax moves.
1

Budget does not deal with key concerns

25 Feb 2022 /  Amanda Visser
Golden opportunity missed to turn economy around 

Budget in five graphs

24 Feb 2022 /  Moneyweb
Revenue vs expenses, the budget deficit in rands and as percentages of GDP, total government debt as well as its debt-servicing costs illustrated.
4

2022 Budget moves us in the right direction – BLSA

24 Feb 2022 /  Busi Mavuso
But there is still much work to be done to restore the country's fiscal position.

Pension funds may now invest up to 45% of their capital offshore

23 Feb 2022 /  Ryk van Niekerk
‘Two-pot’ retirement legislation expected to be drafted later this year.

Rand clings to gains amid better debt outlook in budget

23 Feb 2022 /  Rachel Savage and Promit Mukherjee, Reuters
In afternoon trade the rand was at R15.03 against the dollar, strengthening 0.2 on the day.

Finance Minister: Public service wage bill risk to SA’s fiscal framework

23 Feb 2022 /  Roy Cokayne
Remuneration packages in state‐owned companies need to be better aligned with public‐service remuneration — National Treasury.

Winners and losers: who pays and who gains in SA’s budget

23 Feb 2022 /  Rene Vollgraaff, Bloomberg
Some tax relief announced aimed at boosting investment and consumer spending, which should help stimulate the economy.
2

Budget highlights: What you need to know

23 Feb 2022 /  Ryk van Niekerk
Finance Minister Enoch Godongwana's first national budget does not contain any significant surprises.
UPDATE
1

More than R308bn directed to bailing out failing SOEs

23 Feb 2022 /  Roy Cokayne
Denel earmarked for R3bn as government admits defence SOE cannot meet its obligations as they fall due.
2

Economic growth forecast at 2.1% this year

23 Feb 2022 /  Akhona Matshoba
Government says the outlook reflects a slowdown in recovery compared to 2021.
UPDATE
2

Some breathing space for battle fatigued taxpayers

23 Feb 2022 /  Amanda Visser
No increase in tax rates and inflationary relief for bracket creep.

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Moneyweb is a financial, investment news provider and not a tax- or financial advice authority. Please contact Sars or a registered tax practitioner for any tax-related queries.
 
 

ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Apr 2022 5.90%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Apr 2022 6.40%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. May 2022 4.75%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) May 2022 7.75%
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