South Africa’s taxpayers are holding their breath in anticipation of what Finance Minister Trevor Manuel intends announcing in his tenth Budget Speech today. With as much as 45-billion rands to play with, it is expected that the poor and also pensioners will benefit this year. Financial experts estimate that up to 18-billion rands could be granted in tax-relief. Old Mutual Asset Managers spokesperson Rian le Roux told the media that the revenue bonanza, gleaned from much higher-than-expected tax collections from company tax, VAT, customs duties and individual income tax, would give the government a balanced budget.
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