Budget

The future of South Africa

Continuing his precarious balancing act, Minister Mboweni announced some tough measures, while offering some relief to taxpayers.
Budget

Making sense of the 2020 National Budget

In an effort to contextualise the latest projected national budget, we conducted a little thought experiment: we created a fictional household with an income of R100,000 per year.
Budget

Budget 2020: as good as can be expected

While his message of consolidation, reform and growth may not be enough to avert a ratings downgrade by Moody’s next month, the Rand reacted relatively positively to his speech.
Budget

A Budget baked for rating agencies

Sparking an immediate celebration in the rand and bond markets, the 2020 Budget Speech ticked all the right boxes for markets, depicting a government that is reform-minded and ready to show its muscles.
Budget

Budget sees some tax relief

Instead of raising additional revenue from tax proposals, the focus moves to reducing spending, which includes a reduction to the wage bill of roughly R160 billion
Budget

The boldest in recent years

The Minister has taken a bold step in committing government to curtailing spending, which may have far-reaching consequences if it fails.