Axcelerate

Authorised Sage Partner. Providing business support including: Integration. Accounting. Bookkeeping. Payroll. Training.

[Axcelerate @Axcelerateza]

The government expects to collect R1.37 trillion in taxes in 2021/22
#BudgetSpeech2021

[Axcelerate @Axcelerateza]

#Budget2021 #BudgetSpeech2021 #TitoMboweni

[Parliament of RSA @ParliamentofRSA]

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

[Axcelerate @Axcelerateza]

1.8 Billion has been allocated to address corruption #BudgetSpeech2021 #Budget2021 #TitoMboweni

[South African Government @GovernmentZA]

Addressing corruption

The Department of Justice and Constitutional Development is allocated R1.8 billion to improve business processes. This allocation will support our brave law
enforcement agents in the fight against crime and corruption.

[Axcelerate @Axcelerateza]

Provident fund members will continue to enjoy a tax deduction #BudgetSpeech2021 #Budget2021 #TitoMboweni

[South African Government @GovernmentZA]

Retirement fund reform

I can announce that annuitisation for provident funds takes effect from 1 March 2021, and provident fund members will continue to enjoy a tax deduction on their contributions.

[Axcelerate @Axcelerateza]

Tax brackets to be increased by 5%

#BudgetSpeech2021 #Budget2021 #TitoMboweni

[South African Government @GovernmentZA]

The personal income tax brackets will be increased by 5 per cent, which is more than inflation. This means that if you are earning above the new tax-free threshold of R87 300, you will have at least an extra R756 in your pocket after 1 March 2021. #RSABudget2021

[Axcelerate @Axcelerateza]

Corporate Income Tax has been lowered. #BudgetSpeech2021 #Budget2021 #TitoMboweni

[South African Government @GovernmentZA]

Tax policy changes

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. #RSABudget2021

[Axcelerate @Axcelerateza]

#BudgetSpeech2021 #Budget2021

[South African Government @GovernmentZA]

Economic outlook

Global economic growth is expected to rebound to 5.5 per cent in 2021 before moderating slightly to 4.2 per cent in 2022, spurred on by the expected rollout of Covid-19 vaccines and other additional policy initiatives. #RSABudget2021

[Axcelerate @Axcelerateza]

#BudgetSpeech2021 #Budget2021

[South African Government @GovernmentZA]

Medium term spending plans and job creation

We have cumulatively made R83.2 billion available for the public employment programmes since the 2020 Special Adjustments Budget. We are now augmenting this by R11 billion for the Presidential Youth Employment Initiative #RSABudget2021

[Axcelerate @Axcelerateza]

#Budget2021 #BudgetSpeech2021

[Axcelerate @Axcelerateza]

#Budget2021 #BudgetSpeech2021

[Axcelerate @Axcelerateza]

#EconomicOutlook #BudgetSpeech2021 #Budget2021

[South African Government @GovernmentZA]

#RSABudget2021

[Axcelerate @Axcelerateza]

#TaxProposals #BudgetSpeech2021 #Budget2021

[Axcelerate @Axcelerateza]

#TaxProposals #BudgetSpeech2021 #Budget2021

[South African Government @GovernmentZA]

#RSABudget2021 #TaxProposals

[Axcelerate @Axcelerateza]

The SA economy is expected to rebound by 3.3% this year, following a 7.2% contraction in 2020 #Budget2021 #BudgetSpeech2021

[Axcelerate @Axcelerateza]

An additional R12 billion will be allocated for the purchase of vaccines

#BudgetSpeech2021 #Budget2021

[Axcelerate @Axcelerateza]

#BudgetSpeech2021 #Budget2021

[South African Government @GovernmentZA]

Watch Live] Minister Tito Mboweni delivers 2021 Budget Speech in Parliament #BudgetSpeech2021 https://t.co/o1cvdQnP54

[Axcelerate @Axcelerateza]

The Objectives of the Budget #RSABudget2021

[Axcelerate @Axcelerateza]

#MTBPS

[South African Government @GovernmentZA]

#MTBPS2020 : We act to instil confidence amongst discouraged work seekers, businesses bruised by lockdown & facing uncertainty, farmers and farm workers who produce the food for the country, & our international partners who know that SA is a great place to invest.- @tito_mboweni

[Axcelerate @Axcelerateza]

#MTBPS

[South African Government @GovernmentZA]

#MTBPS2020- State Owned Enterprises: 

R3 billion was allocated to the Land Bank in June. 

The Bank will require an additional R7 billion over the medium-term to support its restructuring.

[Axcelerate @Axcelerateza]

#MTBPS

[South African Government @GovernmentZA]

R10.5 billion is allocated to @flysaa #SAA to implement its business rescue plan. This allocation is funded through reductions to the baselines of national departments, public entities and conditional grants. #MTBPS2020