On Wednesday, Finance Minister Nhlanhla Nene presented his first full year budget speech to the Republic. Below I have included the full budget speech for you to watch. For those of you who just want a summary of what was said and what will be implemented in the coming year, here are some infographics for you taken from Fin 24’s special Budget 2015 website.
Some noticeable figures are the 1% increase in the marginal rate of tax charged on income for people earnings R181,901 and above, making the wealthiest individuals pay a maximum of 41%.
More importantly, the price of alcohol is going to go up from next week, so drink up.