Tag Archives: Budget speech

Budget 2020 highlights

“Ex Africa Semper aliquid novi,” winning requires hard work, focus, time, patience and resilience. Finance Minister Tito Mboweni delivered his National Budget Speech on 26 February 2020, leaving South African taxpayers pleased by the implementation of tax relief on personal income … Continue reading

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VAT INCREASE TO KICK IN ON APRIL 1

During his maiden budget speech, (former) Finance Minister Malusi Gigaba made the expected announcement that the value-added tax (VAT) rate will increase to 15% from April 1. This is the first increase in the VAT rate since April 1993 and … Continue reading

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