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    • MY 10 CENTS
      COMPETITION

      Share your opinion and you could win a R10 000 investment.

    • INCOME TAX
      CALCULATOR

      Find out how the new budget impacts your income.

    • BUDGET
      OVERVIEW

      Highlights from the 2014/15 South African budget.

Old Mutual Thought Leaders

Finance Minister, Pravin Gordhan, announced the new National Budget on 26 February 2014. Old Mutual experts offer in-depth coverage and analysis of how the changes will impact you.

  • KEY POINTERS FROM THE BUDGET SPEECH

    Read the sixpack of pointers from the Budget Speech by Soré Cloete, legal manager at Old Mutual.

  • FINANCE MINISTER ANNOUNCES BUDGET SPEECH COMPETITION WINNERS

    Lucky Pane from the University of Johannesburg and Joshua Budlender from the University of Cape Town were announced by Minister of Finance, Pravin Gordhan as winners of the 43rd Nedbank and Old Mutual Budget Competition.

  • ANNUITIES ARE THE TAX-FRIENDLY WAY TO SAVE.

    Much has been said about the volatility of the markets in recent weeks. While in the short term it is often a cause for concern, the retirement planning horizon is mostly long-term. There is a strong case for investing in a retirement annuity.

  • FISCAL DISPLINE EXPECTED TO DOMINATE THE BUDGET.

    "With the weak economy, we are facing increasing inflation pressures and Treasury needs to revise their growth and inflation forecasts," says le Roux in his Budget preview report. “Expenditure, on the other hand, has been under better control recently and no significant slippage is expected to be announced in the Budget.

  • HOW THE BUDGET AFFECTS YOUR PORTFOLIO.

    Dave Mohr, Chief Investment Strategist for Old Mutual Wealth looks at four specific areas for South African investors, namely, how much the government expects in tax revenue, how much it plans to spend, how it will divide its spending between competing priority areas and how much it will need to borrow should there be a deficit.

  • WHAT'S IN STORE FOR THE 2014 BUDGET?

    South Africa’s current fiscal year of 2013/2014 is facing a fiscal deficit. With economic growth forecasts likely to be revised to a lower level and tax revenue growth expected to slow down, government needs to control its spending. But will this be enough to reduce the deficit at the necessary increased pace?

My10cents Competition

Everyone’s got an opinion on the National Budget and Old Mutual wants to hear yours. Share your 10cents on the budget and go into the draw to win a R10 000 unit trust investment.

             

It is great and indeed encouraging that again, much support is given to SMMEs. However, there is concern that this may discourage small businesses from growing and expanding to become the next big corporates.

326 days ago

by: Tebogo Mazibuko

The aim to alleviate the legacy of apartheid and its impact on the way people live in SA is commendable. As a society we should understand that health, education and financial assistance will benefit the less fortunate. This is key in development economics and is highly beneficial to alleviating poverty in SA. The increase in Sin tax is welcomed. The effects of the alcohol and tobacco products on society is extreme. The movement to ban alcohol advertising would be a positive move as alcohol is much more devastating to society’s when compared to tobacco. A tax rebate may be welcomed to tobacco users who switch to electronic cigarettes devices as a once-off saving. Tax on savings, retirements funding and investments in not as positive as SA needs to encourage savings to drive the culture and expedite growth. More relief would have been expected here especially if the culture of saving is

327 days ago

by: Mustafaa Jamaludien

People that get paid less than R5000 should pay tax I mean who can live for a month with a R5000 an still need to pay tax

327 days ago

by: jermaine hansen

Although I am very relieved about the little I am again saving on tax on my salary I wish that tax would really only be deducted from the wealthy. From experience I earn about a 1/100 of what my current boss is taking home! I already pay tax on items that I purchase?

327 days ago

by: Elaine Kilian

It seems at the moment that the government is using its people as a cash cow. It feels like one works to pay tax. taxation in our country is unnecessarily high

328 days ago

by: CJ Henery

Government needs to spend more on quality education.

328 days ago

by: neli maseko

The budget has positive outcomes even though not to our different expectations but as long as there are people misusing the funds nothing will be brought to light that's why I say auditing and investigation should be done on how really the funds are implemented to the consumer and governance staff or else it will keep on increasing and our economy decreasing

329 days ago

by: Ngaka Ngozo

The budget has positive outcomes even though not to our different expectations but as long as there are people misusing the funds nothing will be brought to light that's why I say auditing and investigation should be done on how really the funds are implemented to the consumer and governance staff or else it will keep on increasing and our economy decreasing

329 days ago

by: Ngaka Ngozo

Looks a bit better for investors, but not much better for pensioners like my grandma!

329 days ago

by: Miranda Muller

The budget counts only for the rich people they don't budget for the poor,homeless,old people and for the street kids.Build soupkitchens and give the old people more grant money shelter for the streetkids or put them in school.Stop feeding the criminals fancy food in the prisons because they budget for them also

329 days ago

by: Michael Peterson

The budget speech in enlightens me about the worldwide economy and how it impacts SA, so that as a non-financial person, I can understand why we paying more for necessities and luxuries. It also keeps me in check with watching my finances at home and budgeting better.

329 days ago

by: Annaliza Maharaj

YOUTH SUBSIDY- I agree, but this should be allocated to the youth thats making a difference in their communities for instance keeping the streets clean, taking care of their own parks and recreation.

329 days ago

by: Siphiwe Mokoena

Money makes the world go round they say and indeed in SA this is the simple truth. No-one can survive without money and to survive effectively one needs a plan. The budget speech is the government's plan and it should be an example to us as consumers to plan more efficiently too. I am always amazed at one thing though, that the rate at which basic necessities increase is always more than the rate at which people salaries/wages increase. No wonder we are always struggling to make ends meet. The budget speech seems transparent enough though, and it does offer a glimmer of hope if one reads between the lines. Keep the faith people, things should and will get better!

329 days ago

by: Arthur Bacchus

An eye opening to those who know how to plan for the future eg how high will the petrol price rise & how much will I be spending on unnecessary things like cigarette & alcohol

329 days ago

by: mandla mashiane

My expenses, less luxuries more headaches

329 days ago

by: Genel Edom

The budget speech ,we hear the same things almost every year ,just the figures change.In order for huge impact on a personal level people will have to change things in their day to day lives.We can't expect every single problem to be addressed and resolved but we can expect a difference to be made.The budget gives some people relief and not so much relief for others.But lets be grateful that this country actually has the funds to base a budget on and that the ship has not yet sunk!

329 days ago

by: Lee Kattiah

to me it shows weather the country is developing or reversing, the last budget showed South Africa is slowly developing in to a great economical habour for investors though we are very slow in settling our debts.

329 days ago

by: Jacob Makubo

the budget tels me of how the economy of south African is an the things that i should expect from the gornment .an help me on creating my own budget an see how i will progres in every plan which includes money.

329 days ago

by: andile matukane

Well its basically the usual... Sin tax goes up... Petrol goes up... Social grants don't go up much... Bt there's more relief for the lower income earners... Bt all in all be you rich or poor... It jus means to me that we have to work harder to have almost as enough we did the previous year.. Wish they would jus cut the salaries and perks of the politicians...

329 days ago

by: ravigesan govender

It is a know fact that our fiscas is heading for a deficit as goverment is spending more than the revenue it generates. The buget is reviewed annual to inform the country the available amout the it can spend to keep the country afloat and as a mechanism to reduce uncessary spending. High unemployment, reckless lending,fraud, corruption are contributary factors that drain the coffers. We all should be mindful of our social responsibilty, spending habits, and cut down on unnecessary luxury spending, save whatever you can, You can even start with a 10CENT, ..it is a start which will eventually become a habit and encourage you to save more....We all need to chip in and make this country work

329 days ago

by: Nicky Wienand

Please can we help create a facility for the elderly. Many don't have a pension and the government pension does not cover much. They deserve a chance before they depart. I pay my taxes, do others?

329 days ago

by: Vanessa Khoshab

Not very much really. I want to see results for massive spend on education. No real personal benefits because I fit into that happy spot called falling out of the middle-class.

329 days ago

by: Jennifer Crocker

The budget speech to me means clarity on how money is allocated to every department/province in the country and how that money was spent, and how much is left from that yearly budget. It is a means for a person to know how much their district is getting and how the money worked.

329 days ago

by: Temoso Ronald Mogane

329 days ago

by: Claudia hendricks Claudiacarolus@gmail.com

Well at least the budget is giving back to the impoverished, but more can be done to alleviate the hardships of the poor.

329 days ago

by: Rajesh Rama

All governments do is bleed the poor and aged to death! What about creating better jobs for the unemployed and abused instead of wasting money on WAR'S!What about helping ex soldier's and their families.

329 days ago

by: Stephen Elsworthy

The budget was sensible and pragmatic. It's up to us to make a difference. Thanks to Old Mutual for doing their part in encouraging discussion - nice one!

329 days ago

by: Jian Reis

I really don't think that the increase in state assisted help (grants) wasn't reasonable on line with inflation etc. I really think that the budget could focus more on education and supporting those that will make decisions for our future.

329 days ago

by: Michelle Vermaak

Single mom .. two kids ... with a cool job and I am still drowning in debt! Free education ... free health care !!! Every mom in SA deserves it !!!

329 days ago

by: Angela Carbis

Stop the riots ! Give everyone a living wage .... Get rid of corruption !!! And we will have more than enough money to go round !

329 days ago

by: Richard Newton

I believe the budget was well delivered. Treasury did offer personal tax relief of R9.3bn. However, I feel that it will have little effect due to high inflated prices. The budget will prevent further sovereign credit rating downgrade. The is a need to moderate our budget deficit, public spending in order to curb inflation and interest rates.

329 days ago

by: Sharon Bosii

I don't have a degree... but as I see it the huge part of the future South African success story is tourism .. and the only way to get that right is stop crime dead in its tracks! Lets double the allocation to the police and education, and see the light at the end of the tunnel! Then our future will be bright ... the gold and diamonds will run out ... lets make money off AFRICAN BEAUTY and the value we offer to tourists !

329 days ago

by: ADAM COLLINGWOOD

Its all about helping the lower class people and the poor, in todays expensive life, you have to manage and save up. How about taxing the richest more. And providing for the struggling?

329 days ago

by: adrean Williams

zero persent relieve. more headaches

329 days ago

by: Melanie Cairns

The budget speech impacts all South Africans, regardless of our income or net worth. As individual tax payers, we need to be aware of how our government is utilising tax revenue to further develop and fund South Africans and the South African economy. From a personal perspective, it also helps provide an understanding of the annual tax relief and increase in taxes that we can expect for the year ahead. It is equally impotant, as employees, of a financial services provider, to have an indepth understanding of how the tax relief provided will benefit or impact our clients.

329 days ago

by: jean archary

The words in the budget is ok. The challenge is in to reduce the waste and to improve the manner in which the funds are best and to get value for money.

329 days ago

by: Louis Broodryk

It's always important to be aware of my financial surroundings, thats why the budget speech is there. We tend to forget the important things in life like our finances which is equally important as anything else in our life. It's is important to me to be financially as it is phycically, and it's not always good to go with the flow as some people does. Thats what the budget speech mean to me.

329 days ago

by: Alfranco Heynse

It's always important to be aware of my financial surroundings, thats why the budget speech is there. We tend to forget the important things in life like our finances which is equally important as anything else in our life. It's is important to me to be financially as it is phycically, and it's not always good to go with the flow as some people does. Thats what the budget speech mean to me.

329 days ago

by: Alfranco Heynse

Minister het goed gedoen met Begroting. Beter planne om werkloosheid te bekamp sou verwelkom word. S Putter

329 days ago

by: Stefan Putter

Shouldn't the budget work in some measure to curb the outrageous gini coefficient. Perhaps by giving tax breaks to high income earners according to the ratio between their salaries and the lowest salaries on staff and taxing more severely those who have a ratio that is too high we could improve the spread of wealth in the country.

329 days ago

by: James Cuenod

Fuel Price should be kept under control. When the fuel goes up so does the cost of living, even the poor get knocked and somewhere Government should realise this. We are now subsidising the Governments coffers for bad decisions made by them.

329 days ago

by: Anna-Marie Visser

this year budget makes me to start investing the little money that I got each and every months on my peace jobs

329 days ago

by: roggers chauke

It tells me how much they expect to get in, and how the will devided it between all the different departments

329 days ago

by: IMELDA HORN

The Budget directed my focus towards saving and setting out financial goals - ultimately ensuring I am well provided for at Retirement.

329 days ago

by: Juanita Kloppers

To me it means that more more should be invested in education and skills development! Improving infrastruction, agriculture and to support entrepreneurship in order to improve job creation in SA! Help the small businessman make a big difference plz!!!

329 days ago

by: Ilona Sylvester

the Budget speech is the transparency of the government finances for that particular year it details us about how much we made in revenue and how its gona be used it is very necessary as we live in these corrupt time. #budget speech means that I'm being involved in the well being of our countrys govanance & finances for the sake of no secrecy through a transparent budget detail .

329 days ago

by: julian khwabe

To me, the budget speach means a new years resolution to the new financial year: 2014, GOOD LUCK!!!

329 days ago

by: Mogammed Razeen Wicomb

It tells me every year getting worse. Money are importend without it you fails to survived in this life. Because with all things going up and up we will come no where . We can just pray for a better outcomes in this world.

329 days ago

by: Christina Swart

To me budget speech means improving the lives of South Africans and also the country. It means more money on Education, infrastructure,fighting corruption,more agricultural and industry support and ofcourse the one thing that the young struggle with 'job creation' as an unemployed graduate this means so much to me :)

330 days ago

by: Precious Scota

Means the amount of money that South Africa has burget for the whole year for education,social grant,infrastructure etc.

330 days ago

by: Jonas Letsheleha

We have received hundreds of opinions and comments from South Africans having their say. Only the last 50 comments are visible on this website. The comments collected prior to these are kept on file and will be entered into the daily and overall prize draws.

Budget Overview

For a complete overview of Pravin Gordhan’s 2014 Budget Speech download the relevant transcripts and supporting guides.

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