Personal income tax relief for individuals amounting to R6.5bn. This for lower income groups.
Limited voluntary disclosure option for taxpayers in default
Exchange control reforms proposed
Interest-income exemption increased to R22 300 per year and to R32 000 for those over 65.
Fuel tax increased to 25.5 cents per litre
Road accident fund levy increased from 64c/l to 72c/l
Tax on a pack of cigarettes to increase by R1.24 from R7.70 to R8.94
Beer to increase by 6c a can and wine by 16c a litre.
Standard Income Tax on Employees (SITE) system to be discontinued
Congestion, pollution and landfill taxes considered
Reserve bank allowed "temporary deviations" from inflation target range in the "event of shocks over which monetary policy has no control".
Niggles remain for proposed dividend tax
Real public spending growth limited to +- 2% per annum, lower than preceding three years
National Health Insurance scheme delayed for about five years
Budget deficit down from 7.6% to 7.3% for 2009/10 budget period due to slower than expected revenue decline and lower spending
Old age pension and disability grant increases by R70 to R1 080 per month
Child support grant increases R10 to R250 per month - lower than inflation due to increasing recipients by 2m
Recapitalization of Land Bank R2.5bn
Development Bank of Southern Africa given R15.2bn guarantee to allow loans to poorer municipalities for infrastructure
Public sector wage bill almost doubled in five years, Gordhan calls for moderation
Gambling winnings being exempt from personal income tax to be reviewed - impacts on casino, online gambling and lotto winners
Wage subsidy for young people
Clamp down on company car fringe benefits
The South African economy
Economic growth of 2.3% projected for 2010, increasing to 3.6% by 2012
Rising unemployment great concern one in four South Africans unemployed
2010 FIFA World Cup to contribute 0.5% of GDP in 2010
So far, government has spent R33bn preparing for the soccer games.
Inflation has fallen over the past year, should average 6% during 2010/11
Budget deficit of 7.3% projected for 2009/10, 6.2% for 2010/211. By 2012/13, the deficit should be 4.1%
SA will spend R52bn on public works programmes over 3 years
National government net loan debt should rise from R526bn at the end of 2008/09 to R1.3trn in 2012/13.
R12.2bn for grants, including extending child support grants to age 18
R8.4bn for fighting HIV/Aids with antiretroviral therapy
R6.7bn for municipalities to provide free basic electricity provision
R1bn to speed up housing provision, R500m for bulk water infrastructure
