Will Mboweni do better than Gigaba's 'alright' budget speech?

citizen.co.za

- citizen.co.za | 4 months ago

The former finance minister announced several changes in his speech.

VAT increased by a percentage from 14% to 15%. Fuel levies had an overall increase of 52c/litre for fuel, consisting of a 22c a litre increase in the general fuel levy, and 30c/litre increase in the Road Accident Fund levy, effective April 4, 2018.

There was an increase in Luxury Goods Tax from 7% to 9% from April 1.

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