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Finance News

After so much drama about the national budget, it seems that most political parties were satisfied with the 3rd version of the SA national Budget.

SA’s Finance Minister Enoch Godongwana, dropped unpopular plans for a VAT increase but kept in place tax bracket plans (which will end up in many people paying more tax if they get a salary increase). He also loaded more money into levies that we all pay on petrol (which will drive price increases) and had to allow government debt to grow a bit more.

The minister warned that he has had to kick several issues down the line and people could face more taxes next year.