Budget 2019

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Mboweni delivers sober budget weighed down by Eskom

22 February 2019

Finance Minister Tito Mboweni delivered some very hard messages in his maiden Budget Speech today. None of it came as a surprise. However, as the ANC has shied away from facing any of these issues over the last decade, the real surprise lay in their willingness to do so just months before a national election.

Decoding the Budget 2019 – pie in the sky or hard reality

21 February 2019

SA’s minister of finance, Tito Mboweni, presented a measured budget in Parliament today, taking into account the country’s economic realities.

Budget – South Africans urged to consider long-term view

21 February 2019

Finance Minister Tito Mboweni today said, “We are masters of our own destiny”, as he outlined a number of fiscal prudence measures aimed at assisting SA’s economic recovery. For the South African consumer there is a mix of good and bad news. The bad news is that all South Africans with income above the slightly increased tax threshold will be paying more tax – implying less disposable income - as no inflationary adjustments were made to the tax brackets.

FNB welcomes R950m subsidy for first-time home buyers

21 February 2019

FNB has welcomed the Finance Ministry’s announcement that first-time home buyers will benefit from a R950 million subsidy over the next three years. This is part of the Government’s ‘Our Help To Buy’ initiative to help first-time buyers to own a home.

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