Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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Today is the day of the budget speech and our Finance Minister, Nhlanhla Mene, will deliver his first proper budget speech. It is one that many people will await with anticipation, particularly anybody doing Road Accident Fund work because we are hoping that there will be a lump sum that is allocated to the Road Accident Fund in this year’s budget, not to mention an increase on the petrol levy to the Road Accident Fund. The Road Accident Fund has a cash shortage at the moment as a result of settling way more than the normal number of cases last year – a 110,000 compared to 53,000 to 55,000 a year previously and is now short of cash. Others will be watching it to see whether or not there is an increase in personal income tax or any tax and at the rich. One certainly hopes that the sin taxes – on alcohol and cigarettes will be increased substantially, and not just by the normal 50c a year.
Posted by Michael de Broglio on Wednesday 25-Feb-15
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latoya said:
on Wednesday 25-Feb-15 02:35 PM
Everyboby is looking farward to his speech..Its horriable if you are smoker,knowing we use a lot of money on smokes and hearing it going up is a disaster...But they say you wanna smoke SUPPORT YOUR HABITS..just saying
Thabitha said:
on Wednesday 25-Feb-15 10:10 AM
I can't wait to hear his speech and I am hoping for the best news for once
Juliet said:
on Wednesday 25-Feb-15 09:36 AM
I really hope they do not increase tax. People are really struggling with normal every day things, most people don't even insure their cars, don't have medical aid, they just have enough money for food, petrol and rent. No extras. Increased tax will really bleed the last drop of blood and sweat from the general public
Bianca said:
on Wednesday 25-Feb-15 09:30 AM
I always seem to catch only the highlights of the budget speech however it is always a little nerve wrecking being a smoker and hearing that the "sin taxes" are being increased. The increase of sin taxes is inevitable and I guess that if we want to continue to smoke we have to suck it up.
Michelle said:
on Wednesday 25-Feb-15 08:22 AM
I cant wait to hear what Nhlanhla Mene has to say about the e-toll service. Hopefully his first proper speech will give us some good news.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
