Budget Speech 2024

2024 - 2 - 21

Exciting Insights into the 2024 South African Budget Speech

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Get ready for surprises and updates on social grants and taxes!

South Africa is eagerly anticipating Finance Minister Enoch Godongwana's 2024 budget speech, set to tackle the nation's economic challenges. With high unemployment rates and a growing debt burden, all eyes are on Godongwana's announcements. The speech, scheduled for Wednesday afternoon at Cape Town City Hall, promises crucial insights into the country's financial future.

Despite mounting pressure to increase taxes, the Budget 2024 revealed no major tax hikes, offering a sigh of relief to many. Social grants are set to increase, excluding the SRD Grant, indicating positive changes in social welfare. Additionally, a windfall of R150 billion from the Reserve Bank is expected to positively impact South Africa's fiscal outlook.

In recent updates, Minister Godongwana disclosed changes in alcohol prices, making headlines with the slight increases. The speech also hinted at potential extensions and increments to the R350 grant, showcasing the government's commitment to supporting vulnerable populations.

Stay tuned for the full transcript of the budget speech, as Godongwana's decisions will shape the country's financial landscape. Watch out for further developments in fiscal policy, including the Treasury's plans for a fiscal anchor in 2024, promising enhanced fiscal prudence.

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Image courtesy of "eNCA"

What South Africans expect from the 2024 Budget speech (eNCA)

Finance Minister Enoch Godongwana will deliver his much-anticipated budget speech on Wednesday afternoon. · It comes amid high unemployment rates, rising living ...

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Image courtesy of "BusinessTech"

Where you can watch the 2024 Budget Speech live (BusinessTech)

Finance minister Enoch Godongwana will deliver his speech at 14h00 – this is where you can watch, and what to expect.

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Image courtesy of "Mail & Guardian Africa"

WATCH LIVE: Godongwana delivers the 2024 Budget speech – The ... (Mail & Guardian Africa)

Minister of Finance, Enoch Godongwana, will present the 2024 Budget Speech at the Cape Town City Hall.

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Image courtesy of "News24"

Budget 2024 in a nutshell | Everything you need to know (News24)

As SA's government debt burden hits its most dangerous level since 1947, it has resorted to tap R150 billion from its profits on its foreign exchange holdings.

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Image courtesy of "Moneyweb.co.za"

#Budget2024 in a nutshell: No major tax hikes (Moneyweb.co.za)

Despite increasing pressure to hike taxes to balance the government's books, Finance Minister Enoch Godongwana, did not announce any major tax increases in ...

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Image courtesy of "HeraldLIVE"

WATCH LIVE | Finance minister Enoch Godongwana delivers 2024 ... (HeraldLIVE)

During a parliamentary question and answer session last November, the country's money man elected not to discuss what tax proposals the National Treasury has in ...

Minister Enoch Godongwana: 2024 Budget Speech (South African Government)

Minister Enoch Godongwana: 2024 Budget Speech · A can of beer increases by 14 cents; · A can of a cider and alcoholic fruit beverage goes up by 14 cents; · A bottle of wine will cost an extra 28 cents; · A bottle of fortified wine will cost an extra 47 cents; ...

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Image courtesy of "South African Government News Agency"

Social grants to increase in 2024 (South African Government News Agency)

This does not include the Social Relief of Distress Grant (SRD Grant) also known as the R350 grant. This was announced by Finance Minister Enoch Godongwana ...

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Image courtesy of "News24"

READ IN FULL | Finance Minister Enoch Godongwana's 2024 ... (News24)

Finance Minister Enoch Godongwana delivered the ?2024 Budget speech on 21 February 2024. Here is the full transcript of the speech.

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WATCH: #Budget2024 (Moneyweb.co.za)

Read or watch Finance Minister Enoch Godongwana full budget speech. By Footage courtesy of the SABC 21 Feb 2024 14:13.

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BUDGET 2024 | R350 grant extended, could increase this year (TimesLIVE)

This as 60% of what government spends, after servicing debt, goes to the social wage.

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Image courtesy of "Financial Mail"

BUDGET WRAP: R150bn windfall from Reserve Bank to slash SA's ... (Financial Mail)

Also contributing to enhanced fiscal prudence will be the Treasury's plans to develop a fiscal anchor in 2024.

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FULL TEXT: Finance Minister Enoch Godongwana's national ... (Daily Maverick)

South Africa's Finance Minister Enoch Godongwana delivered his Budget Speech 2024 to Parliament on Wednesday, 21 February 2024.

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2024 Budget Speech | WATCH | Political parties and enterprises react (eNCA)

CAPE TOWN - All were on Finance Minister, Enoch Godongwana's budget speech this on Wednesday. He outlined government's priorities in its planned expenditure ...

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5 takeaways from the 2024 budget speech (Eyewitness News)

It comes at a time when the government is faced with a mismatch of less-than-expected revenue collection and higher-than-desired spending, resulting in a ...

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Image courtesy of "eNCA"

Budget speech 2024 | Government boosts taxes and social spending (eNCA)

CAPE TOWN - South Africa plans to hike taxes and increase spending on social grants amid sluggish growth and high debt, the government said Wednesday.

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National Budget Speech 2024 Summary (George Herald)

NATIONAL NEWS - The Minister of Finance, Enoch Godongwana, recognises the inequalities and deprivation that still scar our society and therefore confirms ...

Surprise Decision to Leave Income Tax Rates Unchanged in 2024 ... (Creamer Media's Engineering News)

While the obvious solution is cutting back on government borrowing and expenditure, 2024 being a closely contested election year means that Treasury faced added ...

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Budget: Social grants increase but not by much (Moneyweb.co.za)

Old age, war veterans, disability and care dependency grants up by R90 in April and another R10 from October.

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Image courtesy of "Parliament of South Africa"

Budget 2024: Some Good News for Social Grant Beneficiaries ... (Parliament of South Africa)

During the 2024 Budget Speech, delivered in Cape Town's City Hall on Wednesday, the Minister of Finance, Mr Enoch Godongwana, announced that the government ...

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