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2021 Budget speech update

Finance Minister Tito Mboweni tabled a taxpayer-friendly Budget, which has taken into account the enormous strain that the COVID-19 pandemic has placed on households and businesses. Personal income tax brackets and rebates will be adjusted by more than inflation to provide individual taxpayers with real tax relief and support economic recovery.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.