On the 26th of February 2020, Finance Minister Tito Mboweni delivered the budget speech and outlined plans to help grow the South African economy for the upcoming year.
Tax payers breathed a sigh of relief as no major increases were implemented.
“the tax break was one of the measures he (Minister Mboweni) hoped would jump-start the economy, but he had also warned that power cuts could stifle growth and that a stable electricity supply was the government’s most pressing priority”
Read more in this EWN article.
Here are some of the other key talk points from the 2020 Budget.Backup_of_Budget-2020