Minister treads fine line between give and take
MOST middle-class South African consumers will view Wednesday’s Budget speech positively: the Finance Minister did not announce any new taxes and, if their income increased by less than 5%, they will enjoy a decrease in their annual income tax bill. However, spare a thought for people surviving on social grants, and for employees in the public sector, who may not be quite as enamoured by what the Minister had to say.
André Wentzel, solutions manager at Sanlam Retail, says the above-inflation personal tax relief of R2.2 billion is particularly positive.
“Many were expecting the worst when it came to tax increases, given that
