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National Budget speech 2018
#1
The National Budget speech for the 2018/19 financial year will be delivered on Wednesday, 21 February 2018.

As things stand, it is Malusi Gigaba who will deliver the speech, although, rumors of a cabinet reshuffle are afoot.

One of the biggest things to look out for in this year’s budget is how free higher education for poor and working-class students will be funded.

Three other big changes to look out for in the 2018 National Budget speech:
  • VAT increase (widely touted to be announced, the first time since 1993).
  • An increase in Capital Gains Tax and personal income tax rates for upper-income earners are expected.
  • Fuel levy hike and carbon tax

Other experts have suggested things like a luxury tax on “unusually expensive cars”

In terms of income tax increases, an increase from 41% to 43% for everybody earning more than R700,000 a year, and an increase from 45% to 48% for those earning more than R1.5m has been touted by some analysts.

We will post a link to the live stream of the Budget speed when it happens.
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