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South African Budget 2014 - 2015 Budget Speech 2014-2015 and new tax tables

The 2014/2015 South African Budget Speech was presented by the Minister of Finance, Pravin Gordhan on Wednesday, 26 February 2014. See the attached SARS pocket tax guide for a summary of all the latest changes.

The New Employment Tax Incentive Bill (ETI) The New Employment Tax Incentive Bill (ETI)

Large numbers of unemployed are a problem for any country, but when young people leave the education system with a very poor chance of getting a job, their motivation to achieve is impacted from day one.

Statistics indicate that 50% of 15 to 25s are unemployed, and 29% of 25 to 34 year olds. The ETI Bill aims at the 18 to 29 year olds who are believed to be around 30% of the total unemployed which is sitting at approximately 25%.