On 25 February 2015, the Minister of Finance Nhlanhla Nene presented his first Budget Speech. South Africa looked to Minister Nene to address critical challenges in the economy, which included energy constraints, labour market disruptions, skills shortages, administrative shortcomings and difficulties in industrial transformation.
Find out from our Taxation Services and industry experts about our Deloitte Budget expectations in our 2015/16 Pre-Budget Expectations Infographic.
Some of our expectations included:
- No magic expected in terms of infrastructure spend
- Wealth tax on the cards for personal income tax
- National health insurance set to bring about reform and improve services
- Possibility of an increase in value added tax in 2015
Click here to download the 2015/16 Pre-Budget Expectations Infographic