Tax on booze, fuel & cigarettes hiked while income tax stays put

The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to a growth-inspiring budget. Things like fuel levies, sin tax and debt were increased while personal taxes were largely unchanged.

00:0500:30– Budget revenue

00:3001:32– Tax

01:3202:16– Vaccines

02:1602:54– Government debt

02:5403:22– Global economic growth

03:2203:45– Land Bank

03:4504:13– Employment spending

04:1304:24-SME’s

04:2405:04– Public spending

05:0405:21-Fuel

05:2106:10– Sin tax

06:1006:40-Grants