Budget 2025 aims to balance fiscal consolidation with economic growth but introduces risks with VAT hikes and no inflationary tax bracket adjustments. While infrastructure investment is promising, concerns remain over execution, debt levels, and political uncertainty in the approval process.

Forvis Mazars experts analyse Budget 2025, highlighting VAT increases, stagnant tax brackets, and corporate concerns. While government spending rises, tax revenue measures aim to stabilise debt. Increased SARS funding is a positive step, but economic growth and fiscal sustainability remain key challenges.

Financial, employment, and education experts react to Budget 2025. Jurgen Eckmann highlights the impact of unchanged tax brackets, Nkosinathi Mahlangu questions youth employment strategies, and Arno Jansen van Vuuren welcomes increased education funding despite VAT hikes and rising consumer costs.

Citadel’s Maarten Ackerman highlights key risks in Budget 2025, including debt concerns, uncertain GDP growth, and political instability. While infrastructure investment and fiscal consolidation show promise, execution challenges and tax hikes could strain economic recovery and household finances.

Standard Bank delivered R45 billion in headline earnings with an 18.5% return on equity, driven by balance sheet growth and strong insurance and asset management performance. CEO Sim Tshabalala highlights digital transformation, regional expansion, and strategic priorities for sustained African market growth.

Nazrien Kader of Old Mutual unpacks the 2025 Budget, highlighting VAT increases, tax adjustments, and new incentives. While corporate tax remains at 27%, individual taxpayers face bracket creep and no inflationary relief, contributing to a R19.5 billion real tax increase.