Minister Mboweni: From today:
e. a packet of 20 cigarettes will be an extra R1.39c
f. 25 grams of piped tobacco will cost an extra 47c
g. And a 23 gram cigar will be R7.71 more expensive
#BudgetSpeech2021
Minister Mboweni: From today:
a. a 340ml can of beer or cider will cost an extra 14c
b. a 750ml bottle of wine will cost an extra 26c
c. a 750ml bottle of sparkling wine an extra 86c
d. a bottle of 750 ml spirits, including whisky, gin or vodka, will increase by R5.50...
Minister Mboweni: Fuel levies will be increased by 27 cents per litre, comprising 15 cents per litre for the general fuel levy, 11 cents per litre for the Road Accident Fund levy and 1 cent per litre for the carbon fuel levy. #BudgetSpeech2021
Minister Mboweni: The personal income tax brackets will be increased by 5 per cent, which is more than inflation. This will provide R2.2 billion in tax relief. Most of that relief will reduce the tax burden on the lower and middle-income
households. #BudgetSpeech2021
Minister Mboweni: The corporate income tax rate will be lowered to 27 per cent for companies with years of assessment commencing on or after 1 April 2022.
#BudgetSpeech2021
Minister Mboweni: Our R6.2 trillion spending envelope over the Medium-Term Expenditure Framework gives expression to the Economic Reconstruction and Recovery Plan. This is not an austerity Budget. #BudgetSpeech2021
Minister Mboweni: Government has committed to a R791.2 billion infrastructure investment drive to this end. We are already partnering with the private sector and other players
to rollout infrastructure through initiatives such as the blended finance Infrastructure Fund.
Minister Mboweni: We will not rest until we have fundamentally altered the structure of this economy by lowering barriers to entry, broadening ownership patterns, raising productivity and lowering the cost of doing business.
#BudgetSpeech2021
Minister Mboweni: Sub-Saharan Africa is forecast to grow by 3.2%. South African economy is expected to rebound by 3.3% this year, following 7.2% contraction in 2020.
#BudgetSpeech2021
Minister Mboweni: We remain adamant that fiscal prudence is the best way forward. High government debt increase the level of borrowing across the economy. Rising debt levels leads to high future taxation and uncertainty.
#BudgetSpeech2021
“In this coming fiscal year, SARS will establish a dedicated unit to improve compliance of individuals with wealth and complex financial arrangements”. - Mr Tito Mboweni #BudgetSpeech2021
Congratulations! You have just been handed the keys to your #newhome. While the excitement can be overwhelming, it is wise to consider these vital checks before moving into your new home.
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Each year the #whalemigration attracts more and more enthusiasts as these magnificent creatures make their appearance in the #SouthCoast#KZN
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#Pennington boasts an array of pristine picturesque beaches, lush forests, abundant birdlife, deer, and a world-class golf course. There are a plethora of fun-filled activities in the area that are worth a visit.
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Expensive #rentals in the city could soon be a thing of the past since the majority of the world have learned to adapt to working from home. #workingfromhome is leading to a suburban boom in the #SouthCoast of #KZN.
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2021 is the year to make your #property dreams a reality. With the low-interest #rates and other first-time buyer opportunities, owning a #home can even cost less than your monthly #rent expense.
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