The Budget 2021

Finance Minister, Mr. Tito Mboweni, on Wednesday, announced South Africa’s Budget for the fiscal year 2020/2021. The budget set against the backdrop of the fallout from the global pandemic highlighted once again the many challenges facing ordinary South African citizens.

What were the key changes in the Budget?

  • An above-inflation increase of 5% in the personal income tax brackets and rebates
  • Corporate income tax rates reduced to 27%
  • Excise duties on alcohol and tobacco increased by 8%
  • Increase of 4% for medical tax credits

To read more about the 2021 Budget please click on the link to read Allan Gray’s Budget Speech Update. Alternatively, you can listen to STANLIB’s Chief Economist, Kevin Lings as he unpacks the economic analysis of the Budget 2021.

Office re-opening

As from the 1st of March we will be re-opening our offices. We have adapted our offices to ensure that all necessary safety protocols are adhered to. Clients who would like to make an appointment or pop in for a coffee are more than welcome and we look forward to welcoming you back!

” The climb is tough, but the view from the top is worth it.” Vijay Mishra

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