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
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