Jump to content

South African Budget Speech 2019

Outlook

By Outlook
in News and Current Affairs

 Share

Recommended Posts

Outlook Newbie

Outlook

Posted
Posted

The Minister of Finance, Tito Mboweni, will deliver the South African budget speech on 20 February 2019.

 

I will post a video to the live speech here when it goes live.

I really hope this is not a political event given the current election year. They need to focus on national government debt.

#BudgetSpeech2019

 

Watch it live here:

 

SaurusDNA Newbie

SaurusDNA

Posted
Posted (edited)

And don't forget tax-bracket creep! This one is the silent unnoticed killers that they've been doing for the past few years.

 

I don't know how they're going to manage the Eskom issue - if they bail out Eskom, we get the final ratings downgrade to junk by Moody's. If they don't, Eskom will be bankrupt by April.

 

Things that I think will be strategically omitted from the speech (but really hope he does address):

  • Tax free investment account annual and lifetime limit increases.
  • How they're going to fund free education.
  • How they're going to fund the e-tolls issue.
Edited by SaurusDNA
  • Like 1
Bandit Newbie

Bandit

Posted
Posted
17 hours ago, Spreadsheet Ranger said:

I did not listen to the whole budget, was away.

I see businessinsider reported that government will give first-time buyers subsidies through its Our Help to Buy scheme.

Anyone know where I can get info on this "Help to Buy scheme", I tried google'ing but could not find much.

 

I don't have any info on it but I reckon you are not, erm, poor enough to qualify...

  • Like 1

IQ Test

Bandit Newbie

Bandit

Posted
Posted
1 minute ago, SaurusDNA said:

I guess the annual limits of Tax free investment accounts will remain at R33000 for the third year in a row then...    ?

 

It helps to think of TFSAs as an initiative by government to get the poorer middle class to save and we the "rich" are misusing it ?

 

Country is already strapped for cash so I doubt we'll get more tax breaks any time soon.

  • Like 1

IQ Test

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • The JSE Investment and Finance Forum

    Platinum Wealth is a leading financial forum with an eye on the future of our country and the citizens of South Africa.  Even though the era of trading exclusively with physical goods is in the distant past, we as a civilization have always looked for new ways to prosper. Simply put, ways to get a better deal.  To have more, for less.  At Platinum Wealth we have created a bigger platform for you to do exactly that - a connected network of your peers giving the tips and tricks that have helped them reach their financial and investment goals.

    From personal finance and creating wealth, to financial news and small business, we cover it all at Platinum Wealth.  Pose your money and investment questions in our money and investment forums, we'll make sure they get answered.  We want to guide a new generation of money conscious readers.  We are here to share tips and practical knowledge that will help you live large without sacrificing your financial independence.

  • Tell a friend

    Love Platinum Wealth: The JSE and ZAR X Financial and Investment Forum? Tell a friend!

  • Topics

×
×
  • Create New...