The highly anticipated budget speech was Godongwana’s third since the start of his term and the sixth administration’s last before the general elections.
In a last-ditch attempt before the watershed 29 May elections – the government has put together a plan that it believes will address macro-economic stability, structural reforms and improvements in state capability to raise growth rates. On the face of it – no increase to personal income tax sounds like some reprieve but the devil is in the detail.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: