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/ 23 February 2005

Manuel injects R6-billion into land restitution

South Africa’s national Budget presented on Wednesday provides R6-billion for the land restitution programme over the next three years. Finance Minister Trevor Manuel said this would be to "complete the programme" — although Agriculture and Land Affairs Minister Thoko Didiza has estimated R13-billion would be needed to wrap up the programme.

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/ 23 February 2005

Government refines draft mining royalty Bill

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>The second draft of the proposed Mineral and Petroleum Royalty Bill is expected to be available for public comment during the first half of 2005, with submission to Parliament before the close of the year, according to Finance Minister Trevor Manuel.

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/ 23 February 2005

Old-age grants to rise to R780 a month

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>The maximum old age, disability and care dependency grants will rise by R40 to R780 a month from April 2005, Minister of Finance Trevor Manuel announced on Wednesday. In his national Budget speech he said that foster-care grants will be increased by R30 to R560 and the child-support grant goes up by R10 to R180 a month.

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/ 23 February 2005

Manuel grants personal tax relief of R6,8bn

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>Minister of Finance Trevor Manuel has unveiled reductions in personal income tax totalling R6,8-billion for the 2005/06 financial year as part of the government’s 2005 Budget. Outlining Budget proposals in Parliament on Wednesday, Manuel said the reductions will benefit taxpayers across all income brackets.

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/ 23 February 2005

Public sector expenditure to grow by 18,8%

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>South Africa’s public sector capital expenditure is expected to grow at an average of 18,8% per annum over the year-year period covered by the 2005 Medium Term Expenditure Framework from an average of 11,7% a year between 2001/02 and 2004/05, the Treasury said in its Budget Review on Wednesday.

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/ 23 February 2005

Govt revenue R11bn over budget

<img src="http://www.mg.co.za/ContentImages/197779/special_rep_icon_template.gif" align=left>The South African government has collected R11-billion more than it originally budgeted for in the 2004/05 financial year, due largely to higher-than-forecast receipts from personal income tax and value-added tax, according to South African Finance Minister Trevor Manuel.