Graduates tip off Manuel about their tax and student loan burdens

By Staff Writer

From Business Report

January 17, 2008

By INGI SALGADO

With a month to go before finance minister Trevor Manuel
delivers his 2008/09 budget, the Tips for Trevor campaign is in full
swing. This year a big gripe is that graduates have to pay income tax
while they are still repaying student loans.

Secure a Personal Loan Today - let Justmoney show you how

Manuel said yesterday that he had received about half a dozen such
complaints, but he expected a flood of further correspondence as the
matter was now being highlighted.

He appealed to graduates: "We've heard the issue. Now help us crack
it ... We can't pay [loans] back on behalf of young graduates. We can't
have a differential tax because it is too hard to administer.

"Those are the constraints ... help us solve the problem."

Tips for Trevor kicked off in 2002 after Manuel was asked on a radio
show to talk to the citizens that his budgets affected.

He received 377 tips in the first year. Since then, about 2 000
suggestions have poured in, excluding co-ordinated campaigns.


Since the last budget speech, Manuel's office has ploughed through more
than 600 tips.Manuel insisted that he personally read all submissions.

One of the cheekiest tips he could recall was the call for a tax break
on lobola.

The tips provide colourful input into the lengthy budget talks of the
world's longest-serving finance minister.

Beyond that, Manuel said they provided "a pulse ... this is a very good
barometer of public opinion about the issues".

Although the budget for the 2008/09 fiscal year was largely complete,
there was room for "nuance", Manuel said.

On the stance he would take at an alliance summit on inflation-targeting
in March, he would only say: "I'll discuss that with the alliance before
It discuss it with the press."
 

Recent Articles

Featured Do you need credit to survive Easter?

Easter weekend is here and with it the expectation of celebration. While there is nothing wrong with this, it often means spending more money than you bargained for.

 

Read more

Young woman building a legacy brick by brick

When her dad passed away, Siyasanga Ngcongca, an internal auditing graduate, took over the family business. Ngcongca Construction, as her company is known, is a service provider to five insurance companies, handling building and commercial claims.

Read more

Can you evict paying residential tenants?

One of the most common reasons for wanting to evict a tenant is non-payment of rent. But there are many other situations that landlords may encounter. These can range from damaging property and breaching contract, to being reported as a continuous disturbance by neighbours.

Read more

How one entrepreneur designed her financial future

From as early as Cannon remembers, she recalls her grandmother seated behind a sewing machine. Through this influence she was sewing her own aprons and doll dresses by the time she was ten, and by the time she was 16, she started designing and make her own clothes.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Hartbeespoort Romantic Weekend Special

Price: R2,999
When: Weekends
Where: North West

Da Vinci Happy Hour

Price: Available on request
When: Weekdays
Where: Cape Town

Glenburn Spa Easter Package

Price: From R1,065
When: 18 -22 April
Where: Muldersdrift