News24 The Lead

Budget breakdown: A compromise, an increase and extension

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It's been a tale of two budgets. On Wednesday, Finance Minister Enoch Godongwana proposed a one-percentage-point value-added tax (VAT) increase over the next two years. The minister promised not to increase personal income tax; however, the tax bracket has not been adjusted for inflation. For News24's business editor, Helena Wasserman, the tax bracket "creep" is a far more concerning trend. "I think that's going to be more painful than VAT," says Wasserman. LISTEN to host Graeme Raubenheimer in conversation with the business editor about Godongwana's proposal. If you're a fan of the show, or have a burning topic you'd like to engage in, drop us your mails and voice notes at tips@24.com
12 Mar English South Africa News · Society & Culture

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