INTRO: Here are some other highlights of the budget speech. An improvement in revenue collections has allowed government to scrap 20 billion rand in planned tax increases. Godongwana says the economy is gaining traction and the national debt situation is stabilising and is expected to improve in coming years. More than a trillion rand is expected to be spent on infrastructure projects over the medium term. The railways, electricity supply and water services are to benefit. The Minister announced that the limit for tax-free savings increases from 36-thousand rand to 46 thousand rand annually. He said the so called sin taxes on tobacco and alcohol would be increased in line with inflation. The old age and disability grant increases by 80 rand to two thousand 400 rand. 

Clifford Maringa u burisanile na Kgabo Legodi, i mukondleteri wa nhlangano wa Youth Capital eLimpopo. 

INTRO: Here are some other highlights of the budget speech. An improvement in revenue collections has allowed government to scrap 20 billion rand in planned tax increases. Godongwana says the economy is gaining traction and the national debt situation is stabilising and is expected to improve in coming years. More than a trillion rand is expected to be spent on infrastructure projects over the medium term. The railways, electricity supply and water services are to benefit. The Minister announced that the limit for tax-free savings increases from 36-thousand rand to 46 thousand rand annually. He said the so called sin taxes on tobacco and alcohol would be increased in line with inflation. The old age and disability grant increases by 80 rand to two thousand 400 rand.&nbsp;
Clifford Maringa u burisanile na Kgabo Legodi, i mukondleteri wa nhlangano wa Youth Capital eLimpopo.&nbsp;

Munghana Lonene FM News and Current Affairs. Brought to you by SABC News.

Munghana Lonene FM News and Current Affairs. Brought to you by SABC News.