Unpacking #budget2019: What SA wanted from Mboweni and what they got

Unpacking #budget2019: What SA wanted from Mboweni and what they got

South Africans spoke up and called for 5 changes in this year’s budget speech. Briefly.co.za compares this to see if the expectations will be met.

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Finance Minister Tito Mboweni delivered the 2019 budget speech on Wednesday but South Africans already had a long wish list.

Briefly.co.za surveyed the responses and narrowed it down to 5 big ticket items.

We now compare it to the actual highlighted agendas from the budget to see if expectations will be met.

1. Government must stop increasing alcohol and fuel

Unfortunately, the sin tax is increasing for 2019.

Beer and ciders increase by 12 cents per bottle, but spirits rises by a whopping R4.54.

Cigarette smokers should brace themselves for an increase of R1.14 per packet of cigarettes.

Mboweni quoted several bible verses during his speech so perhaps a sign of things to come?

2. Households with female breadwinners should be exempted from tax

Regrettably, this was not discussed. However, the allocation to the Job Fund will rise over the next three years to R1.1 billion.

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3. Tax-free savings

This topic was avoided altogether.

However, Briefly.co.za is aware of tax-free investments that are currently available at various financial institutions.

4. Government to lighten the load on taxpayers

This will not be done for the foreseeable future. Mboweni highlighted again that the model to tax the wealthy for the poor to be subsidised is essential going forward.

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5. What about land and home reforms?

Government will pump R950 million over three years into the Help to Buy subsidy, which aims to help South Africans to be able to afford their own home.

Funding totalling R14.7 billion has been re prioritised to two new conditional grants for informal settlements upgrading, which will enable these households to have access to basic amenities.

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Source: Briefly.co.za

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