Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, welcomed the government backtracking in this budget speech on its earlier decision to increase personal income tax, as well as providing a further R2.2 billion in tax relief through raising personal income tax brackets and rebates by 5%.

Relief at no increase in personal tax, says Dr Andrew Golding, chief executive of the Pam Golding Property group

Finance Minister Tito Mboweni’s budget has been received very positively, as demonstrated by the reaction from markets.

Herschel Jawitz, CEO of Jawitz Properties, believes that from a consumer point of view the 2020 Budget is significantly better than that of 2019, especially against what was expected.

The impending budget speech has everyone anxious and for good reason.

“Climate change is real,” Minister Mboweni’s budget speech statement is a fact. But now what? We need to be smart, diligent and brave to reach the low carbon future the National Development Plan plotted out for us, says Dorah Modise, CEO Green Building Council South Africa.

Finance Minister Tito Mboweni says the South African Revenue Service will collect R15.4 billion less than earlier projected.

No quick fix for SA’s Budget, but there’s some hope….

By now the whole of South Africa is aware of the increase in the VAT-rate to 15%, announced during the 2018 Budget Speech.

Those hoping for good news for the South African property market in the 2018 budget speech were likely disappointed by the lack of change to the sector’s key influencing factors.