As the new Financial Year has been heralded in with the 2018 Budget Speech this week, we have collected the thoughts from leading financial experts who unpack what you need to know about the most impactful points of the Budget:
Budget 2018: how it affects you
Arthur Kamp Sanlam Investment Economist
Aligning the tax structure with the growth objective
The outstanding feature of Budget 2018 is the decision to raise the VAT rate by 1%, which nets the fiscus an additional R22.9 billion in 2018/19. Together with another increase in the fuel levy and excise duty increases in excess of inflation it ensures the dominant share of the additional R36 billion collected in taxes in 2018/19 will come from indirect taxes… Read More
Post Budget 2018 Commentary
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