Budget speech 2015- South Africa

Finance Minister, Nhlanhla Nene, will deliver the 2015 budget speech in parliament on Wednesday 25/02/2015.

For readers who are wondering what a budget speech actually is, it is basically a declaration by government regarding how it will accrue and spend it’s money for the forthcoming year. It is a crucial event in the event of any country.

Here is why it is important for you:

  • Tax threshold increases are announced. You can plan for the year ahead, knowing how much PAYE will be deducted from your pay-cheque.
  • Medical aid tax credits are increased. You

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