This year’s Budget seeks to achieve a balance between raising taxes and cutting expenditure. But a key theme is that higher taxes are heading for the wealthy, albeit not in the form of a “super-tax" at this stage. As a compromise, government itself has committed to reining in expenditure and cutting the public sector wage bill. Rationalisation options are also being pursued for certain state-owned entities.
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Rand - Pound
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Rand - Euro
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All Share
73,271
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Resource 10
63,297
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Industrial 25
98,419
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Financial 15
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