Harcourts South Africa 2018 Budget Reaction

Feb 23, 2018 2:03:09 AM Share this:

Overall it was a far more balanced budget speech than initially expected, with a focus on rebuilding, which is in line with the newly elected President Cyril Ramaphosa's messaging. However, Finance Minister Gigaba's announcement that there will be an increase in VAT from 14% to 15%, the first time VAT has been increased since 1993, will undoubtedly have a direct impact on the property market.


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Topics: Richard Gray, Harcourts South Africa, 2018 budget, Cyril Ramaphosa, economical news