Tito Mboweni delivered the annual budget speech in the National Assembly on Wednesday.
File: Finance Minister Tito Mboweni will delivered his much-anticipated budget speech on Wednesday afternoon.Below is a detailed list of highlights from Mboweni's speech:
Real GDP is set to grow by 0.3 in 2020 and future projections indicate that it is expected to grow in the next two years.Finance Minister Tito Mboweni says a stable electricity supply is government’s number one task. Treasury has allocated R230-billion over 10-years to restructure the electricity sector.A new excise duty on heated tobacco products to be taxed at rate of 75% of the cigarette excise rate. Government also intends to tax electronic cigarettes in 2021.
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