Excise duties on alcohol and tobacco will increase by between 4.5% and 6.5%, Finance Minister Enoch Godongwana has announced.
: SAnews – South African News sihle
New vape tax from January 2023:
Finance Minister Enoch Godongwana says government will introduce a new tax of R2.90 on vaping products from January next year.
: SAnews – South African News Janine
Treasury’s plan to reduce debt services costs:
National Treasury says to reverse the disturbing trend of using the public purse to service debt costs, a portion of the revenue improvements will be used to reduce the deficit over the next three years.
: SAnews – South African News Matona
Treasury proposes a percentage reduction in corporate income tax:
Effective for tax years ending on or after March 2023, Corporate Income Tax will be reduced by a percentage point in a move aimed at encouraging investment and curbing avoidance.
: SAnews – South African News Neo
Inflation projected to reach 4.8% in 2022:
Headline inflation is projected at 4.8% in 2022 and 4.4% in 2023, National Treasury said on Wednesday.
: SAnews – South African News seshnee
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Fun Western Cape Fact: Saldanha, north of Cape Town, is South Africa’s only natural harbour, and notable harbour for iron exports and the fishing industry. Other towns include Worcester and Stellenbosch in the heart of the winelands, George, a centre for indigenous timber and vegetable production, Oudtshoorn, known for its ostrich products and the world-famous Cango caves, and Beaufort West on the dry, sheep-farming plains of the Great Karoo.
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