Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted.
1% hike in VAT
R85 billion cut in government spending
Hike in the fuel levy of 52 cents a litre
R57 billion – phased in over three years – for fee-free higher education
- Social grants hikes above the rate of inflation
The Money Show’sBruce Whitfield interviewed Investec Asset Management Economist Nazmeera Moola.
Moola discussed the big five things we need to know about the 2018 Budget.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
It’s an excellent budget under the circumstances.— Nazmeera Moola, Investec Asset Management
This was the least bad choice that Treasury had.— Nazmeera Moola, Investec Asset Management
I think this is enough to put Moody’s on hold… To my mind we’ve done something amazing…— Nazmeera Moola, Investec Asset Management
3% growth provides the opportunity [for tax cuts]…— Nazmeera Moola, Investec Asset Management
Within this political context, I give the budget 9 [out of 10].— Nazmeera Moola, Investec Asset Management
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Bongani Bingwa speaks to incoming Finance Minister after his come back to cabinet was announced by the President.
Leon Louw, from the Freedom Market Foundation explains how Parliament could reject the VAT increase.
Director of the Rhodes Business School Professor Owen Skae explains why VAT a was logical decision but not a popular one.
DA says corporate tax should be reduced to stimulate economy while the EFF argues that corporates should be taxed more.
Universities SA says it's concerned the money may not be enough and wants Treasury to provide calculations.
Trade unions react to Malusi Gigaba's announcement of a one percentage point VAT increase for #Budget2018
The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.
ANC Tshwane spokesperson Bafuze Yabo gives details of their planned action against the City of Tshwane.
Investigative journalist and author Jacques Pauw shares his thoughts on 'The Lost Boys of Bird Island' book.
Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.
Young(ish) South Africans tell stories of the mixed emotions they feel when supporting family members, and tips from an advisor.