The 2020 Budget Speech focused on economic growth, education, health, social development, small businesses and job creation. Minister Mboweni appears to have gone out of his way to implement measures to avoid the slowdown of economic growth.
Some of the significant tax proposals in this year's Budget as tabled by the Finance Minister are highlighted below:
Minister Mboweni said it was hoped that the Budget would restore the confidence of the public, grow the economy and improve the employment and education challenges in South Africa.