ABB advertises in South Africa at a Glance

Moneyweb advertises in South Africa at a Glance

BDO Spencer advertises in South Africa at a Glance

China Construction Bank advertises in South Africa at a Glance

Diamond Route advertises in South Africa at a Glance

Cacadu District advertises in South Africa at a Glance

Eastern Cape Dev Corp advertises in South Africa at a Glance

De Beers advertises in South Africa at a Glance

ENS advertises in South Africa at a Glance

Durban Investment Promotion Agency advertises in South Africa at a Glance

First Rand advertises in South Africa at a Glance

Eskom advertises in South Africa at a Glance

Free State Investment Promotion Agency advertises in South Africa at a Glance

Group Five advertises in South Africa at a Glance

Grindrod advertises in South Africa at a Glance

Industrial Development Corporation advertises in South Africa at a Glance

Ilembe District advertises in South Africa at a Glance

Mpumalanga Economic Growth Agency advertises in South Africa at a Glance

Invest Northwest advertises in South Africa at a Glance

Nelson Mandela Bay Municipality advertises in South Africa at a Glance

Rand Refinery advertises in South Africa at a Glance

Trade and Investment KZN advertises in South Africa at a Glance

Siemens advertises in South Africa at a Glance

Stepping South advertises in South Africa at a Glance

Brait advertises in South Africa at a Glance

Business Leadership SA advertises in South Africa at a Glance

The Budget 2007 - 2008

The South African Budget at a Glance

In 2006 South Africa's budget process was ranked by the US-based Center of Budget and Policy Priorities as the third most transparent in the world, just after France and Britain and ahead of the USA. And for the second year running, the Minister of Finance was in the enviable position of being presented with a substantial revenue surplus.

Budget at a Glance
Revenue overrun of R29 bn
Budget surplus of R5 bn or 0.3% for 2006/7
Budget surplus of R11 bn or 0.6% projected for 2007/8
Projected GDP growth of 4.8% for 2007/8
Accelerate spending for police, education, health, social services and community infrastructure
Debt service down to 3% of budget, will be further reduced to 2.1% by 2009
R8.4 bn relief in individual taxes mainly through bracket, threshold and exemption changes
Tax on retirement funds eliminated (was cut from 18% to 9% last year)
No changes in corporate taxes rates but Secondary Tax on Companies to be reduced and eventually eliminated
Sin taxes go up again
New compulsory social security fund to be established

Rates on corporate tax, VAT and capital gains remain unchanged but, importantly, the Secondary Tax on Companies, which many saw as a disincentive to investment, will be reduced from 12.5% to 10% effective October 2007.

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