Budget 2018

[f2wohf]

Mukelani
‏ @MukelaniDimba
5h5 hours ago

Dear Analysts,
"Poor people" do not:
1. Ride pilchards to school
2. Wear fruit & vegetables
3. Use eggs as soap or brown bread as sanitary pads
4. Use edible legumes & dried beans as study aids
5. Or use milie rice as data to communicate with loved ones
#ZeroRated se ma se!

Here we go. They don’t want to behave like normal people and ride pilchards to school and then complain.

 

[Rouxenator]

Technically, he is correct. Majority are poor, thus do not pay personal income tax. Not ALL though.

Thanks, I was waiting for someone else to bring that up. People want to be obtuse.

 

[lucifir]

Dude please send me the number of your dealer, cause I REALLY want some of that stuff you're smoking...

:erm: ... all we have left is hope .... next budget we may not even have that :crylaugh:

 

[Verde]

What most haven’t picked up is that there are changes for RA/Pension..

African Investment 5% now 10%
Global Investment 25% now 30%

So 10% more of you retirement saving you can invest elsewhere..

Link?

 

[Garson007]

What most haven’t picked up is that there are changes for RA/Pension..

African Investment 5% now 10%
Global Investment 25% now 30%

So 10% more of you retirement saving you can invest elsewhere..

Smart thinking. Everyone wants to buy into the booming markets.

 

[krycor]

Link?

Offshore investments

Treasury is to increase the prudential limits on offshore investments for funds under management by institutional investors — by five percentage points for all categories, including the allowance for investments in Africa.
The limits for collective investment schemes, investment managers and long-term insurers will rise to 40% from 35%; and for non-linked long-term insurers and retirement funds to 30% from 25%.
An additional allowance is available to all institutional investors for investment in Africa and this is increased from 5% to 10%.
The limit for so-called holding companies has also been increased. Transfers to holding entities will be increased from R2bn to R3bn for listed entities; and from R1bn to R2bn for unlisted companies, both subject to Reserve Bank reporting requirements. The aim of the holding company regime is to facilitate direct investment by South African companies into Africa from a domestic base.
Treasury has also given notice that it will release a paper later this year on a proposed policy framework for the review and approval of complex cross-border transactions.

https://www.businesslive.co.za/fm/features/2018-02-21-budget-2018-the-big-take-out/

 

[lucifir]

budget 2018

 

[WaxLyrical]

Anyone notice how MG gave the entire budget without notes, cue cards, teleprompter, fkall.

It's like he's been studying this for months.

 

[NarrowBandFtw]

Anyone notice how MG gave the entire budget without notes, cue cards, teleprompter, fkall.

It's like he's been studying this for months.

Apparently he read from a teleprompter: https://citizen.co.za/news/news-eish/1830429/debate-rages-over-brilliant-gigaba-having-memorised-his-speech/