Budget Speech 2020

TFSA annual contribution cap increased to R36000 (R3000 pm)

Income Tax decrease

Transfer duties increase

...and yes, they want our pension money for Eksom.

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Thank fsck:

Chill on plans for NHI
Treasury also announced that the health budget will be reduced by R3.9 billion over the next three years.

“This implies that some activities related to national health insurance will be phased in over a longer timeframe.”

For example, next year, unspent allocations for national health insurance (NHI) will be moved to other parts of the health budget.
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Very good budget but GFY regarding the private pension funds being used to fund the Eskom shambles. Throw all the fckers, Zupta et al including those miserable curry munchers in Dubai and India, in jail and tell these unions to p*ss off and MAYBE we will think about giving you access to our hard earned savings.
 
daveza said:
No vat increase
Income tax decrease

I'm waiting for the catch.
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Catch is fuel levy increases. That in itself for anyone who travels a reasonable amount of KM each month is worse than a VAT increase because the fuel increase will have a downwind effect that is the same as a VAT increase ie. VAT increase is less damaging than a fuel levy increase so they picked the option that would milk us the most.
 
Not at all what I expected. A fairly forward thinking budget. However the big saving is supposed to come out of state worker salaries. It remains to be seen if they are capable of pulling that off. Still, I can't complain. Medical tax credits still there, tax rate drop. Relatively small hike to fuel price. Overall it leaves me off better. Thank you mr Mboweni. A budget that finally prioritizes the middle class, which in the long run will help the country I hope.
 
Cius said:
Not at all what I expected. A fairly forward thinking budget. However the big saving is supposed to come out of state worker salaries. It remains to be seen if they are capable of pulling that off. Still, I can't complain. Medical tax credits still there, tax rate drop. Relatively small hike to fuel price. Overall it leaves me off better. Thank you mr Mboweni. A budget that finally prioritizes the middle class, which in the long run will help the country I hope.
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Damn many coolaid drinkers in this forum.

This budget speech will not not leave you off better, holy hell some people actually have no idea what they just witnessed.
 
Lupus said:
Scrap the RAF, it's a waste of money. 3rd Party should be compulsory (yes a decent 3rd party covers medical as well before people come and moan.)
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What's more it'll probably create 1000s of jobs in the insurance, law enforcement and ambulance chasing industries.
 
John Tempus said:
Damn many coolaid drinkers in this forum.

This budget speech will not not leave you off better, holy hell some people actually have no idea what they just witnessed.
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Do enlighten us. Or would you have preferred a hike on middle class tax, a big petrol price increase, and an acceleration of NHI?
 
R13... said:
What's more it'll probably create 1000s of jobs in the insurance, law enforcement and ambulance chasing industries.
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Maybe not the last one :-). But would probably create some jobs yeah.
 
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