Bad News:
Fuel tax goes up by 40.5 cents a litre for petrol and 41.5 cents for diesel.
Economic growth is forecast to fall to 1.2% of GDP this year from 3.1% in 2008.
Inflation to hover just below the target ceiling at 5.8%.
SAA needs another R1.6-billion to stay alive! Why keep it afloat?
State borrowing will double and the budget deficit will rise to 3.8% of GDP!
Some good news:
Personal taxes will drop by R13.6-billion.
R4.1-billion will be added to the Expanded Public Works Budget.
R4-billion more will be spent on school feeding programmes.
R5.4-billion will be added to the war chest to fight crime, including 20,000 more police by 2012.
R6.4-billion extra will be allocated for public transport improvements.
Hiv becoming a huge a burden on tax payers:
R932-million set aside to fight HIV/Aids.
