#Budget2018

'Budget is excellent under the circumstances. I give it 9 out of 10'

Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted.

Highlights include:

  • 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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