Budget Speech 2015

dlk001 said:
50 cents/litre goes to RAF and 30 cents is a general levy. RAF has a huge claims backlog and I think it is mandated to compensate people.

I think some of the money should be used to promote/enforce road safety for long term sustainability of the RAF.
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Thanks for the reply.

It just seems to me that the lack of enforcement and the rampant traffic violations and blatant disregard of the law will continue to exacerbate the current backlog already faced. Feeding money into an already growing deep dark hole of compensation seems never-ending at this point.
 
It government (the ANC thieves) could account for the 40bn that is pocketed within their own ranks every year, we could have reduced income tax at least 1%
 
Guantanamo said:
I did a packing event for stop hunger now and iirc the individual meals cost around R3 and consisted of lentils, beans and possibly pap. I think that is the sort of thing they provide.
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Lentils and beans contain amino acids (protein) and vitamins.
Pap has calories.
 
reactor_sa said:
It government (the ANC thieves) could account for the 40bn that is pocketed within their own ranks every year, we could have reduced income tax at least 1%
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Dude that would just increase income inequality.
 
Draganchor said:
I for one would have liked a statement on fiscal discipline by the state.
The lack of accountability for state and local governments is a really big concern.
My other great concern is the % of the budget that is allocated to state salaries, welfare etc. If we continue at this rate these will consume our entire post-debt budget to the tune of 100% within 8-10 years.
i.e. no cash for infrastructure expenditure unless it is underwritten by debt...

Will try dig out the source on this.

So People, get ready for more increases without any accountability on the wastage.
I guess there are only so many places at the trough, and we will pay.
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I'm sure we'll get a lot of investment. I hear that many US studios are shooting in SA for TV and film. The dollars are just gonna be a-coming and can be taxed nicely and used to boost prestige.

Overall this new tax hike is something which will continue. And municipalities are jumping aboard hiking rates and fees. W@nkers.
 
Space_Chief said:
I'm sure we'll get a lot of investment. I hear that many US studios are shooting in SA for TV and film. The dollars are just gonna be a-coming and can be taxed nicely and used to boost prestige.

Overall this new tax hike is something which will continue. And municipalities are jumping aboard hiking rates and fees. W@nkers.
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We pay people to make movies here. So prestige is pretty much where it ends. And the Americans haven't invested in a major sa project since fw was president. Probably don't trust anc. Exception is in solar energy, but no economic boost there until we manufacture and process panels locally.
 
jansdejager said:
We pay people to make movies here. So prestige is pretty much where it ends. And the Americans haven't invested in a major sa project since fw was president. Probably don't trust anc. Exception is in solar energy, but no economic boost there until we manufacture and process panels locally.
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I meant government prestige. :)

I don't dispute what you said.
 
Guantanamo said:
I did a packing event for stop hunger now and iirc the individual meals cost around R3 and consisted of lentils, beans and possibly pap. I think that is the sort of thing they provide.
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Thanks, so I suppose it is possibly to have a sustainable meal plan for those 9m school kids. Actually more worrying is that the government finds that it is necessary to feed 9m school kids. Surely educating parents to rather not have children than having them go hungry would be a wiser choice. If you can not look after your children properly, they will probably become a burden to economy in any case.

Most of the budget sounds more like electioneering than anything tangible. I am not sure why people think that the budget speech is positive, as the middle-class (us) will earn less and pay more. So this will surely stifle growth (pretty much every retailer on the JSE dropped by around 2% after the budget speech) as people are incapable of spending.

Perhaps the fuel-levy is a clever plot to double-hit consumers: Eskom load-sheds, consumers go out and buy diesel-guzzling generators - bada-boom.

To me it sounds we are spiralling like Greece and will probably hit proper recession by the end of the year. Considering that out of 54m people in SA only 14m are taxpayers of which 7m are exempt from tax, paints a dim picture and it would have been much better to bite the pullet and raise VAT to 15% and drop max income tax by 2% - this would have improved consumer spent and still filled the tax-coffers.
 
MagicDude4Eva said:
Thanks, so I suppose it is possibly to have a sustainable meal plan for those 9m school kids. Actually more worrying is that the government finds that it is necessary to feed 9m school kids. Surely educating parents to rather not have children than having them go hungry would be a wiser choice. If you can not look after your children properly, they will probably become a burden to economy in any case.

Most of the budget sounds more like electioneering than anything tangible. I am not sure why people think that the budget speech is positive, as the middle-class (us) will earn less and pay more. So this will surely stifle growth (pretty much every retailer on the JSE dropped by around 2% after the budget speech) as people are incapable of spending.

Perhaps the fuel-levy is a clever plot to double-hit consumers: Eskom load-sheds, consumers go out and buy diesel-guzzling generators - bada-boom.

To me it sounds we are spiralling like Greece and will probably hit proper recession by the end of the year. Considering that out of 54m people in SA only 14m are taxpayers of which 7m are exempt from tax, paints a dim picture and it would have been much better to bite the pullet and raise VAT to 15% and drop max income tax by 2% - this would have improved consumer spent and still filled the tax-coffers.
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Would you prefer the kids go hungry at school while the government'educates' the parents?
 
Eskom obviously wanted more money. Stage 2 loadshedding* from 10am today
 
akescpt said:
Would you prefer the kids go hungry at school while the government'educates' the parents?
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No. The issue I have is that the government continues to undermine growth of the citizen (impoverished or not) with giving them handouts. While I appreciate that many are more unfortunate than others, don't you think that if you know that your child gets feed at school that you would make less of an effort at home. Now add government grants and other freebies and we have a non-working work-force and unemployment will just increase which then results in an increase in taxation which comes out of my pocket, because 70% of this countries population relies on the government for various reasons.

It all comes back to the promises of 1994 and 21 years later the basic services are still not in place (education standards have dropped, healthcare is a mess, living conditions and access to water/electricity/sanitation has only slightly improved).

I agree, children should not be punished for their parents mistakes, but the government needs to find a balance of educating citizens and assisting them. Closer to the elections, the ANC will do their "township-drives", hand out Ace maize, t-shirts and some coke and everyone will happily go back to their shacks and sh*t into a bucket again. The same happens with all the service protests - people have learned that if they burn down a couple of public buildings, the big-wigs will rock up, make promises and 2 years later the community is still sitting with the same problem (or in the best case tax-money is spend to rebuild burned down facilities).
 
from budget speech:
The second special revenue proposal is a one-year relief measure in respect of Unemployment Insurance Fund contributions. Unlike the Road Accident Fund, the UIF has an accumulated surplus of over R90 billion. Improved benefits are now being introduced, but it is nonetheless possible to provide temporary relief to both employers and employees. The proposal is that the contribution threshold should be reduced to R1000 a month for the 2015/16 year. This means that employers and employees will each pay R10 a month during the year ahead, putting R15 billion back into the pockets of workers and businesses.
http://www.treasury.gov.za/documents/national budget/2015/speech/speech.pdf

from sars:
Unemployment Insurance Contributions
Unemployment insurance contributions are payable monthly by employers
on the basis of a contribution of 1% by employers and 1% by employees
http://www.sars.gov.za/AllDocs/Documents/Budget/Budget 2015/Budget PocketGuide 2015-16.pdf

:confused:
 
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