SAnews

The 2023/24 tax brackets will be adjusted in line with the expected inflation rate of 4.9%, says Finance Minister Enoch Godongwana.Personal income tax tables are reviewed annually to ensure that inflation does not automatically push personal income taxpayers into higher tax brackets, the Minister said while delivering the 2023 Budget Speech at the Cape Town City Hall on … [Read more...] about Tax brackets to be adjusted

Minister of Forestry, Fisheries and the Environment, Barbara Creecy, has instructed her department to ensure that she is able to conclude the Fishing Rights Allocation Process (FRAP 2021/2022) appeals process later this year. “The allocation of commercial fishing rights is central to job creation, food security, and the livelihoods of many fishers and fishing communities. … [Read more...] about Minister aims to conclude allocation of commercial fishing rights appeals process

Consumers of alcoholic beverages and tobacco products will from 1 April 2023 have to dig deeper into their products to indulge in their favourite brands.Delivering the 2023/24 Budget Speech at the Cape Town City Hall on Wednesday, Finance Minister Enoch Godongwana said government was proposing to increase excise duties on alcohol in line with expected inflation of 4.9% for … [Read more...] about Inflation-linked sin tax increases

Minister of Finance Enoch Godongwana says at least R14 billion is to be allocated to the fight against crime and corruption.The Minister was delivering the 2023 Budget Speech in the Cape Town City Hall on Wednesday. “The South African Police Service is allocated R7.8 billion to appoint 5000 police trainees per year. The National Prosecuting Authority receives R1.3 billion to … [Read more...] about Fight against corruption, crime receives financial boost

If South Africa is to have a reliable, cost-effective and safe freight system, port and rail infrastructure will require large-scale investment, National Treasury has warned.Treasury fired the warning in the 2023 Budget Review report annexed in the Budget Speech Finance Minister Enoch Godongwana presented to Parliament at the Cape Town City Hall on Wednesday. The report … [Read more...] about Govt invests in effective freight system