Finance minister Enoch Godongwana came bearing gifts like Father Christmas when he delivered the 2026 Budget on Wednesday.
His generosity came in the form of relief for taxpayers. Godongwana announced that personal income tax brackets and medical credits will be adjusted for inflation – the first adjustment in two years.
Capital tax and donations tax exemption thresholds were also raised, as were contribution limits for tax-free investment savings accounts and retirement funds. Happeee!
