Budget 2022

All about Nene's budget - as it happened

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25 Feb 2015

Russel Smith, tax director at Ernst & Young: I think Minister Nene did a good job. The fact that he was not more aggresive with tax increases can be welcomed. 
WATCH HERE

25 Feb 2015

Less money to go to local government...

Over the next three years, after providing for debt-service costs and the contingency reserve, 47.9% of nationally raised funds will be allocated to national government, 43.1% to provincial government and 9% to local government.

FULL STORY

25 Feb 2015

Keith Engel, deputy CEO of SAIT (South African Institute of Tax Practitioners): Minister Nene tried in his budget to take a bad thing and make it look good.   
Keith
Engel, deputy CEO of SAIT (South African Institute of Tax Practitioners): Minister
Nene tried in his budget to take a bad thing and make it look good. 

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WATCH HERE

25 Feb 2015

Keith Engel, deputy CEO of SAIT (South African Institute of Tax Practitioners): The moves in tax suggest it is as far as one needs to go. The challenge is credibility.  
What are the tax implications of Budget 2015 - LISTEN HERE

25 Feb 2015

Russel Smith, tax director at Ernst & Young: Lot of focus on base tax erosion by big international companies.
LISTEN HERE

25 Feb 2015

Keith Engel, deputy CEO of SAIT (South African Institute of Tax Practitioners): They are trying to show that everyone - rich and poor - are sharing the burden.
- What are the tax implications of Budget 2015 - LISTEN HERE

25 Feb 2015

Russel Smith, tax director at Ernst & Young: Taxpayers will start feeling the change in their pockets as from March 1 when the fuel levy goes up.
What are the tax implications of Budget 2015 - LISTEN HEREre:

25 Feb 2015

Keith Engel, deputy CEO of SAIT: The test for the credibility of this budget will come in future when one will have to see if the government can stick to its proposed expenditure. 
LISTEN HERE

25 Feb 2015

Budget shock as tax incentive is withdrawn...

In 2011, government introduced a special incentive in the form of a tax credit for withholding taxes imposed on South African tax residents by foreign countries in respect of services rendered in South Africa to clients who are residents in foreign countries.

FULL STORY

25 Feb 2015

Did the budget focus enough on unemployment? And what about entrepreneurship and small business?
WATCH HERE

25 Feb 2015

Kobus Engelbrecht, Sanlam Business Partners and Entrepreneurship: What business needs is good infrastructure, a well run government and no corruption. The million dollar question about Nene's proposals for business would be if it can be implemented.   
LISTEN TO OUR LIVE PANEL DISCUSSION HERE

25 Feb 2015

Terry Bell, Inside Labour columnist: There were no details about what the small business proposals really mean. It was a mere tinkering. For instance, what is a full time equivalent job?

25 Feb 2015

Terry Bell, Inside Labour columnist: I don't think the business side or the labour side will be happy.
WATCH THE LIVE PANEL DISCUSSION HERE

25 Feb 2015

Terry Bell: Job opportunities is a total waste. They employ people for 3 to 6 months and they earn barely enough to feed their families. Yet these count in the statistics.
WATCH OUR LIVE PANEL DISCUSSION HERE

25 Feb 2015

Kobus Engelbrecht, Sanlam Business Partners and Entrepreneurship: It is hard to start a business in SA. I see nothing in this budget that will enable or encourage a young person to start a business.   
WATCH OUR LIVE BUDGET PANEL DISCUSSION HERE

25 Feb 2015

Increase in fuel price concerning - Absa...

The proposed 80.5c/litre increase in the fuel price levies from April 1, combined with the expected 90c/litre price increase in March, is concerning, Absa says.

FULL STORY

25 Feb 2015

E-toll tariffs to be slashed...

E-toll tariffs will be adjusted downwards but government remains committed to the principle of road users funding improvements to keep Sanral solvent, the National Treasury said.

FULL STORY

25 Feb 2015

Kobus Engelbrecht, Sanlam Business Partners and Entrepreneurship: Government should create an environment in which businesses can create jobs. It is not government's job to create jobs. Should we sit with a dwindling amount of money, or should be create a big environment where we have more to spend. One does not save your business out of trouble, you grow yourself out of trouble.  
WATCH OUR LIVE BUDGET PANEL DISCUSSION HERE

25 Feb 2015

Lianne Williams, Head of Marketing at Multiply: A pack of 20 cigarettes will now cost around R36.62, an effective R13 366.30 per year for someone who smokes one box a day. For someone who smokes 40 a day, that amount soars to over R25 000.00.

25 Feb 2015

Jonathan Dixon, Deputy Executive Officer for Insurance at the Financial Services Board: The objective of Twin Peaks is to both protect consumers of financial services and promote confidence in the South African financial system.


25 Feb 2015

Jonathan Dixon: The financial regulation in South Africa needs to embed a forward-looking, pre-emptive and proactive approach to risk, with a strategic focus on demonstrating delivery of the right outcomes. Twin Peaks will give effect to these goals by moving away from an industry-silo approach towards one that embraces a functional approach to the supervision of the financial soundness of banks, insurers and financial conglomerates, which will ultimately lead to better policyholder protection.

25 Feb 2015

Tune in to watch the final segment of our live expert panel discussion on Budget 2015 where we assess the importance and impact of the budget speech on you.  
WATCH HERE

25 Feb 2015

Ghalib Galant, Right to Know (R2K) provincial coordinator for the Western Cape: The big question is what are we getting in return, particularly at local government level. I am not so sure we are seeing the kind of trickle down we would have wanted

25 Feb 2015

From the live panel discussion

Solly Moeng, brand reputation specialist: Government needs to send more positive, confidence creating messages. Government is asking us to tight our belts, but we do not see government doing it.   

25 Feb 2015

Solly Moeng: All budget speeches should start with what was promised the previous year and what has indeed been delivered.  

25 Feb 2015

From our live panel discussion: One of the things that stood out for me in the speech was potentially just how out of touch our leaders are with what people on the street experience, for instance they joked about the increase in a bottle of whisky! - Ghalib Galant, Right to Know (R2K) provincial coordinator for the Western Cape.

25 Feb 2015

From our live panel discussion: South Africans have the memories of chickens - we do not go back to these people and keep them accountable - Solly Moeng, brand reputation specialist

25 Feb 2015

From our live panel discussion: We as ordinary South Africans should make sure we hold our leaders accountable when they address us. We have elected them into those positions in order to serve the people of South Africa - Ghalib Galant, Right to Know (R2K) provincial coordinator for the Western Cape.

25 Feb 2015

From our live panel discussion: One big thing that was not addressed was communication. Nene said nothing about the SABC, which is sucking up money from the fiscus. We do not get the public broadcaster we deserve - Ghalib Galant, Right to Know (R2K) provincial coordinator for the Western Cape.

25 Feb 2015

From our live panel discussion: Overall are the lower and middle income earners benefiting from the change in personal tax bands and tax rates? Not really. Add to this the 80.5 cents per litre increase in fuel price, the increase in the electricity levy and the unavoidable accompanying increase in cost of food – we will be paying more from next month – whether rich or poor, we will all be contributing more to the Revenue coffers - Vedika Andhee, Tax Director at EY.

25 Feb 2015

KZN gets biggest budget transfer...

KwaZulu-Natal receives the largest budget of all the provinces in terms of equitable share, according to Finance Minister Nhlanhla Nene's 2015/16 budget tabled in the National Assembly.

FULL STORY

25 Feb 2015

Food security a priority - Nene...

Food security remains a top priority, with 1 000 farms set to benefit from a new programme, says Finance Minister Nhlanhla Nene.

FULL STORY

25 Feb 2015

Pan Africanist Congress of Azania: The nation received this budget speech without provided political context due to the empty speech of President Jacob Zuma during the State of the Nation address.

25 Feb 2015

PAC: We firmly disagree with the underlying assumption of the national budget as presented by Minister Nhlanhla Nene. The budget assumes that the expenditure is optimal and further the budget prefers the increasing the user pay scheme will increase tax revenue for the benefit of the country.

25 Feb 2015

PAC: We observe Minister Nene's attempt to hide the extent of tax increase in his budget speech through transfer of the state obligation to pay infrastructure development to the citizen on various user pay schemes being introduced by state departments. 

25 Feb 2015

PAC: We are disturbed by the fact that the grand announcements of extracting maximum value for citizen taxes announced by the previous minister has not been tracked on this budget speech.

25 Feb 2015

From our comprehensive budget infograpic - watch this space:
From our comprehensive budget infograpic - watch this space:<br />

25 Feb 2015

Very diverse reaction to budget - Julius Malema says Finance Minister Nhlanhla Nene and President Jacob Zuma speak different languages.
FULL STORY

25 Feb 2015

Budget mixed message for taxpayers - PWC...

Finance Minister Nhlanhla Nene's 2015/16 budget contained mixed messages for individual taxpayers, PricewaterhouseCoopers (PwC) says.

FULL STORY

25 Feb 2015

Nene's approach to Eskom commended - Mkhize...

Finance Minister Nhlanhla Nene's budget has taken the correct approach in dealing Eskom's financial issues, says ANC treasurer general Zweli Mkhize.

FULL STORY

25 Feb 2015

How much more will you pay for your sins? Use our tax calculators - personal and sin tax - to see how the new tax dispensation will affect you.
CALCULATORS

25 Feb 2015