Excerpts from The 2016 National Budget tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 24 February 2016.  

Skills remain key for South Africa's property sector.

Minister of Finance, Pravin Gordhan delivers 2014 Budget weighing in on government property leases.

The state will build 216 000 houses and connect 905 000 households to electricity over the next two years, Finance Minister Pravin Gordhan said in Parliament on Wednesday.

Foreign companies that are based in South Africa and that are keen on investing in countries outside of Africa – including in Bric (Brazil, Russia, India and China) members, will be able to benefit from relaxed cross-border financial regulations and tax requirements, the Minister of Finance announced.

Financing of R827 billion on infrastructure projects over the next three years, to be drawn from the fiscus and state-owned enterprises, is in place

In a bid to encourage South Africans to save more, the Minister of Finance Pravin Gordhan, has announced plans to introduce tax-preferred savings and investment accounts in 2015.

The Minister of Finance Pravin Gordhan today proposed an employment tax incentive for young, first-time workers, which will use a new graduated formula and will replace the contested youth wage subsidy announced by Gordhan in the 2011 Budget.

The Minister of Finance Pravin Gordhan today announced plans to introduce a long-awaited carbon tax on 1 January 2015.

The 2010 National Budget is not expected to provide significant stimulus for the fragile South African property market in the short run. Yet, it does provide an industrial policy direction that has potential in steering the course of the property sector in the longer term