{"id":169540,"date":"2023-02-17T11:17:18","date_gmt":"2023-02-17T11:17:18","guid":{"rendered":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/"},"modified":"2023-02-17T11:17:18","modified_gmt":"2023-02-17T11:17:18","slug":"budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/","title":{"rendered":"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b\" class=\"type:primaryImage\"><\/p>\n<p><em id=\"emphasis-5386942cf0041d27d51a8ca0695460d8\">By Hannes van den Berg <\/em><\/p>\n<p>Winston Churchill, controversial as he may be, was ever quick with the soundbite. He once famously said that \u201cfor a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.&#8221;<\/p>\n<p>While the South African Revenue Service (SARS) may be proudly touting its improved tax revenue collection figures thanks to new measures designed to get errant citizens into line, we should be wary of the threat that disillusioned taxpayers pose to South Africa\u2019s economic progress.<\/p>\n<p>To boost tax revenue collection that was falling up until a few short months ago, units were initiated to tackle possible leakages in the tax affairs of high-net-worth individuals (HNWI) and corporates. <\/p>\n<p>SARS commissioner Edward Kieswetter\u2019s approach was more carrot than stick; instead of wagging a finger, he curled it in invitation, beckoning consumers to share their tax affairs with SARS in an \u2018open cards\u2019 gambit that is now starting to pay dividends.<\/p>\n<p>We\u2019re also seeing SARS taking no prisoners when it comes to indirect tax loopholes in the system, such as the sale of cigarettes produced outside the country. Our value-added tax (VAT) system is both proven and strong.<\/p>\n<p>While Kieswetter has said that SARS\u2019 main objective is to improve administration competence and not increase the burden on taxpayers, it seems to have its eye set on those who are looking to move abroad, becoming far more stringent in its legislation concerning assets leaving the country. SARS has also made clear its intention to identify more \u2018low-hanging fruit\u2019 to bolster its coffers, through auditing cases of \u2018unexplained wealth\u2019. So perhaps think twice about sharing your fancy new ride on social media if you don\u2019t have your tax affairs in order.<\/p>\n<p>The question is, will these measures prove to be sustainable? Particularly given the fact that South Africans, who face mounting pressure \u2013 loadshedding, unemployment, escalating food and fuel costs and lack of service delivery, to name but a few \u2013 are becoming increasingly frustrated.<\/p>\n<p>The Laffer Curve is an economic construct that illustrates that as tax levels rise, they eventually hit a tipping point before taxation starts to reduce the total value of tax revenue collected (either through evasion or avoidance). Are we approaching this point?<\/p>\n<p>When it comes to SA\u2019s tax-to-GDP rate (which is expected to hit 25% in 2022\/2023) and the country\u2019s growing tax revenue, the South African Institute of Chartered Accountants (SAICA) was last year reported as saying that \u201chigh tax-to-GDP ratio is not a problem where taxpayers are receiving good value for their money; however, this is not a reality currently in South Africa.\u201d<\/p>\n<p>So while our tax rate might be on par with many other developing countries, people will always feel that they are paying too much if they\u2019re not seeing this value. Moreover, due to rising unemployment, our taxpayers face a high tax burden, which is to say that a small pool is responsible for driving the country.<\/p>\n<p>While a tax revolt is unlikely (simply because employers are mandated to deduct taxes from salaries before they are paid over to employees), we may see immigration increase. While Kieswetter did not appear too concerned about the 6000 odd taxpayers that left the country, this pool will continue to grow. And with the majority being young professionals, they might very well go on to become high-earners \u2013  which means a loss for SA.<\/p>\n<p>Ultimately, the higher the tax-to-GDP ratio, the slower our country\u2019s progress. <\/p>\n<p>We want to see people becoming richer and having more disposable income to spend. This is what speeds up economic growth.<\/p>\n<p>This year\u2019s Budget Speech will again be a balancing act. We will continue with the social relief of distress grant, which will need to be funded from somewhere. Given the pressure on consumers, this is unlikely to be in the form of personal income tax or corporate tax, and so the shortfall will probably be made up through indirect and sin taxes.<\/p>\n<p>The minister must show how funds will be allocated to address unemployment, and South Africa will be watching to see exactly how the country plans to double down on crime, which, if successful, would no doubt boost our tourism.<\/p>\n<p>Given our current energy crisis and concerns around water supply, our local green economy will be an interesting one to watch this year, with the President indicating that tax breaks would be implemented to encourage people to invest in solar. <\/p>\n<p>\u201cWith a view to addressing the load shedding crisis, we are going to proceed with the roll-out of rooftop solar panels. In his Budget Speech, the Minister of Finance will outline how households will be assisted and how businesses will be able to benefit from a tax incentive,\u201d promised President Ramaphosa at the State of the Nation address.<\/p>\n<p>Ultimately, money is scarce and needs to be spent wisely. <\/p>\n<p>Consumers are expecting their hard-earned taxes to be spent with as much prudence in this Budget as they do in their own, dwindling household budget. <\/p>\n<p><em id=\"emphasis-62570cbc4f496127c72cfe09e5920062\">Hannes van den Berg is a CA(SA) and CEO at Consult by Momentum.<\/em><\/p>\n<p><strong id=\"strong-468a0966493e16281745ac87dc75b318\">BUSINESS REPORT <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Hannes van den Berg Winston Churchill, controversial as he may be, was ever quick with the soundbite. He once famously said that \u201cfor a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.&#8221; While the South African Revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[2735,11173,11406,2779,13859,5395],"class_list":["post-169540","post","type-post","status-publish","format-standard","category-politics","tag-budget","tag-consumers","tag-household","tag-lets","tag-prudent","tag-speech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"By Hannes van den Berg Winston Churchill, controversial as he may be, was ever quick with the soundbite. He once famously said that \u201cfor a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.&#8221; While the South African Revenue [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T11:17:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b\" \/>\n<meta name=\"author\" content=\"SouthAfrica News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SouthAfrica News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/\"},\"author\":{\"name\":\"SouthAfrica News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"headline\":\"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget\",\"datePublished\":\"2023-02-17T11:17:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/\"},\"wordCount\":874,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/image-prod.iol.co.za\\\/16x9\\\/800?source=https:\\\/\\\/xlibris.public.prod.oc.inl.infomaker.io:8443\\\/opencontent\\\/objects\\\/f4af9a29-f3bb-5955-b134-9cda3152328b\",\"keywords\":[\"Budget\",\"Consumers\",\"household\",\"Lets\",\"prudent\",\"Speech\"],\"articleSection\":[\"Politics\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/\",\"name\":\"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/image-prod.iol.co.za\\\/16x9\\\/800?source=https:\\\/\\\/xlibris.public.prod.oc.inl.infomaker.io:8443\\\/opencontent\\\/objects\\\/f4af9a29-f3bb-5955-b134-9cda3152328b\",\"datePublished\":\"2023-02-17T11:17:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#primaryimage\",\"url\":\"https:\\\/\\\/image-prod.iol.co.za\\\/16x9\\\/800?source=https:\\\/\\\/xlibris.public.prod.oc.inl.infomaker.io:8443\\\/opencontent\\\/objects\\\/f4af9a29-f3bb-5955-b134-9cda3152328b\",\"contentUrl\":\"https:\\\/\\\/image-prod.iol.co.za\\\/16x9\\\/800?source=https:\\\/\\\/xlibris.public.prod.oc.inl.infomaker.io:8443\\\/opencontent\\\/objects\\\/f4af9a29-f3bb-5955-b134-9cda3152328b\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/2023\\\/02\\\/17\\\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In South Africa - Latest South Africa News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/za\\\/#\\\/schema\\\/person\\\/53d06a757a4242f113d200e3c290c036\",\"name\":\"SouthAfrica News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"SouthAfrica News\"},\"sameAs\":[\"http:\\\/\\\/www.ghanamma.com\\\/za\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/","og_locale":"en_US","og_type":"article","og_title":"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget - Ghanamma.com","og_description":"By Hannes van den Berg Winston Churchill, controversial as he may be, was ever quick with the soundbite. He once famously said that \u201cfor a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.&#8221; While the South African Revenue [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/","og_site_name":"Ghanamma.com","article_published_time":"2023-02-17T11:17:18+00:00","og_image":[{"url":"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b","type":"","width":"","height":""}],"author":"SouthAfrica News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SouthAfrica News","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/"},"author":{"name":"SouthAfrica News","@id":"https:\/\/www.ghanamma.com\/za\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"headline":"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget","datePublished":"2023-02-17T11:17:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/"},"wordCount":874,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#primaryimage"},"thumbnailUrl":"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b","keywords":["Budget","Consumers","household","Lets","prudent","Speech"],"articleSection":["Politics"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/","url":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/","name":"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/za\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#primaryimage"},"thumbnailUrl":"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b","datePublished":"2023-02-17T11:17:18+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/za\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#primaryimage","url":"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b","contentUrl":"https:\/\/image-prod.iol.co.za\/16x9\/800?source=https:\/\/xlibris.public.prod.oc.inl.infomaker.io:8443\/opencontent\/objects\/f4af9a29-f3bb-5955-b134-9cda3152328b"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/za\/2023\/02\/17\/budget-speech-2023-lets-be-as-prudent-with-this-budget-as-consumers-are-with-their-household-budget\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/za\/"},{"@type":"ListItem","position":2,"name":"Budget Speech 2023: Let\u2019s be as prudent with this Budget as consumers are with their household budget"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/za\/#website","url":"https:\/\/www.ghanamma.com\/za\/","name":"Ghanamma.com","description":"News In South Africa - Latest South Africa News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/za\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/za\/#\/schema\/person\/53d06a757a4242f113d200e3c290c036","name":"SouthAfrica News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"SouthAfrica News"},"sameAs":["http:\/\/www.ghanamma.com\/za"]}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/posts\/169540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/comments?post=169540"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/posts\/169540\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/media?parent=169540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/categories?post=169540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/za\/wp-json\/wp\/v2\/tags?post=169540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}