Budget 2021

Did Mboweni miss a trick? Were you pleasantly surprised? Have your say

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Minster of Finance, Tito Mboweni tabled the national budget in Parliament on Wednesday, 24 February 2021 in Cape Town.
Minster of Finance, Tito Mboweni tabled the national budget in Parliament on Wednesday, 24 February 2021 in Cape Town.
Gallo Images/Jeffrey Abrahams

Finance Minister Tito Mboweni delivered the 2021 budget on Wednesday.

Analysts indicated they were pleasantly surprised by no tax increases and no introduction of new taxes, even though government has been touting a wealth tax for a while.

More than R10 billion will go towards the purchase and delivery of vaccines over the next two years. And the contingency reserve for further vaccination purchases, should it be needed, increased from R5 billion to R12 billion.

However, South Africa's alcohol industry says "tens of thousands" of jobs are on the line, following an announcement of an 8% excise tax increase on liquor and tobacco.

What did you think about the Budget statement, given all the priorities Mboweni had to balance? Are you satisfied that the right changes were made in the right places? Or did he miss a trick?

Tell us what you think in the comments below. 

You can also calculate how the changes will affect you and how much tax you will be paying using Fin24's tax calculator.


To have your say and be part of the conversation, become a News24 subscriber.

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