Tag: social grant
Tax breaks for low income earners, but an increase in the fuel and road accident levies and in sin taxes. The finance minister pulled off a careful balancing act in a slow economy and an election year, tightening the reins on public spending but laying the foundation for the National Development Plan.
While jobs have been created since the "low point of the 2009 recession", the 24% unemployment rate was "still too high", Finance Minister Pravin Gordhan said in his annual Budget speech in parliament on Wednesday. Watch video of the speech and view and download key documents.