4.3%2%

42.5%R126.44 BN

-R162.2 BILLION( )

GDP GROWTHExpected to accelerate

to 3.0% in 2017

NET LOAN DEBT

DEBT SERVICE COSTS

INFLATIONExpected to accelerate

to 5.7% in 2017

G R O W T H & I N F L A T I O N

D E B T & L O A N

-R162.2 BILLION 6.4%

Growth in budget deficit

REVENUE 9.1%Total projected revenue:R1 188.9 Billion

EXPENDITURE 7.9%Total projected expenditure:R1 351 Billion

Debt ServiceCosts

Bottle of750ml wine

Education, Sport & Culture

Bottle of750ml spirits

Health & SocialProtection

340ml canof beer

18% of each R1 taxable income

R32 742 + 26% of taxable income above R181 900

R59 314 + 31% of taxable income above R284 100

R93 135 + 36% of taxable income above R393 200

R149 619 + 39% of taxable income above R550 100

R208 587 + 41% of taxable income above R701 300

R0 - R181 900

R181 901 - R284 100

R284 101 - R393 200

R393 201 - R550 100

R550 101 - R701 300

R701 301 AND ABOVE

Defense, PublicOrder & Safety

Ciders and alcoholic fruit drinks 330ml

per litre per litre

Local Government& Housing

Box of 20cigarettes

42.5% of GDP to stabilize at 43.7% of GDP in 2017/18

Rising to R153.4 BN in 2017/18

S O U T H A F R I C ABUDGET 2015

B U D G E T D E F I C I T

R E V E N U E & E X P E N D I T U R E

S P E N D I N G P L A N

S I N T A X

F U E L & E N V I R O N M E N T

S O C I A L G R A N T S

E M P L O Y M E N T

H O W W I L L T H I S A F F E C T Y O U ?

S A V I N G

M E D I C A L S C H E M E S

P E N S I O N F U N D

I N F R A S T R U C T U R E

PROJECTED DEFICIT

OF GDP

“ W E A R E A C C O U N TA B L E T O C I T I Z E N S A N D TA X P AY E R S F O R E N S U R I N G V A L U E F O R M O N E Y I N O U R S T E W A R D S H I P O F P U B L I C R E S O U R C E S . ”

“W E A K E C O N O M I C G R O W T H R E D U C E D TA X R E V E N U E E S T I M AT E B Y R 1 4 . 7 B N . ”

“ T O D AY ’ S B U D G E T I S C O N S T R A I N E D B Y T H E N E E D T O C O N S O L I D AT E O U R P U B L I C F I N A N C E S , I N T H E C O N T E X T O F S L O W E R

G R O W T H A N D R I S I N G D E B T. ”

R1188.9 BILLION

R1 351 BILLION

26.2%

19.6%

36.4%

11.6%

7.0%

12.6%

18.7%

5.1%

11.4%

14.72%

15.2%

6.6%

4.7%

Personal Tax

VAT

Corporate Income Tax

Fuel Levies

Customs and Excise Duties

Revenue from other

Health & Social

Education

Defense, Public Order & Safety

Economic Affairs

Community Amenities & Housing

Employment & Social Security

Other (including general public services and science, technology and environment)

to come down to 2.5% in 2017/183.9%

9.9%

15c

8.0%

R3.77

8.8%

7c

5.0%

7c

13.0%

82c

P E R S O N A L T A XTAXABLE INCOME

(of individuals in rand)TAX PAYABLE IN RANDS

30.5 CENTS 50 CENTSRoad Accident Fund levy

Fuel levy

Unemployment remains our single greatest economic and social challenge. Government continues to prioritise measures aimed at generating employment.

These include tax incentives for employment and investment, support for enterprise development, skills development and employment programmes.

Will be spent on public infrastructure investment over the next 3 years in order to obtain more inclusive growth and development.

Brought to you by

Monthly medical scheme contributions tax credits will from 1 March 2015 be increased from R257 to R270 per month for the first two beneficiaries and from

R172 to R181 per month for each additional beneficiary. Medical tax credits related to medical scheme contributions will be taken into account for both

PAYE and provisional tax purposes.

To eliminate the potential to avoid estate duty, government proposes that an amount equal to the non deductible contributions to retirement

funds will be included in the dutiable estate when a retirement fund member passes away.

R860 P/MFOSTER CARE

R1 410 P/MDISABILITY

R1 410 P/MOLD AGE

R330 P/MCHILD SUPPORT

R813 BILLION

SIN TAX

FUEL LEVY

From 1st of March 2015 the new tax free savings account will be available.

If you earn less than R181 900 a year you will pay less tax. A taxpayer earning R200 000 will pay R21 more per month. If you earn R500 000 a year you will pay R271 more per month and at R1.5 million a year the tax increase is R1105 a month.

Excise duties on alcoholic beverages (especially beer, sparkling wine and spirits) will increase by between

The rises in excise duties are as follows:

R1410 75

4.8%

8.5%

Reforms under consideration

include providing excise duty relief to wine-based spirits

(e.g. Brandy.)AND

The Old Age Grant (60+) is increased to

The State Old Age Grant for people

older than

is increased to R1430

The War Veterans Grant is increased

to R1 430

PRIMARY

FOSTER CAREDISABILITY

SECONDARY

CARE DEPENDENCY

TERTIARY

CHILD SUPPORT

The amount an individual can earn before they are required to pay tax has been raised for the tax year that runs from 1 March 2015 to 29 February 2016 and it is as follows:

BELOW AGE 65 R73 650

AGE 65 & OVER R114 800

AGE 75 & OVER R128 500

The rebate for individual taxpayers has also gone up

as follows:

For all taxpayers

Grant increased to Grant increased toGrant increased to Grant increased to

Aged 65 & over Aged 75 & over

R13 257

R860R1 410

R7 407

R1 410

R2 466

R330

30.5 CENTS 50 CENTS

General fuel levy will increase by Road Accident Fund levy will increase by

PER

LITR

E

PER

LITR

E

WILL INCREASE FUEL PRICE BY 80.5c.

Malt beer up by

7c PER 340ml CANFortied wine up by

19c PER 750ml BOTTLECiders and alcoholic fruit beverages

UP 7c PER 330ml BOTTLEUnfortied wine up by

15c PER 750ml BOTTLE

Cigarettes up by

82c PER PACKET OF 20Cigarette tobacco up by

91c PER 50gCigars up by

R3.09 PER 23g

Sparkling wine up by

48c PER 750ml BOTTLESpirits up

R3.77 PER 750ml BOTTLE

Pipe tobacco up by

26c PER 25g

SOCIAL GRANTS

INCOME TAX