It was a surprisingly modest and less austere budget than pundits predicted, especially from a tax point of view.
We expected there to be a lot more. Its very stable. In fact from a tax perspective its very boring. And for that reason great for the economy.— Charles de Wet, Price Waterhouse Cooper
Fiscal drag relief of R5.5 billion aimed mainly at lower and middle income people will offer some compensation from high inflation.
The budget would be seen as tax neutral. Except for the taxes around the fuel levy, everybody should be in exactly the same position— Charles de Wet, Price Waterhouse Cooper
Listen as Charles de Wet talks about the planned special voluntary disclosure programme offering amnesty for individuals who declare their offshore assets from October 1 this year.