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Tawanda KoromboSmall-scale to medium enterprises play a pivotal role in South Africa’s economy but they may well have been forgotten when Finance Minister Enoch Godongwana delivered his 2025 Budget Speech this week.Shawn Theunissen, the founder of Property Point and eTTP, said the 2025 budget statement “was a missed opportunity to…

The announcement of a staggered increase in value-added tax (VAT) by finance minister Enoch Gondongwana during his Budget speech on Wednesday has sent ripples of concern across South Africa's business sector and civil society.With VAT set to rise by 0.5% in both the 2025/2026 and the 2026/2027 financial years, culminating…

Standard Bank Group wants to lead energy and infrastructure development in Africa by helping mobilise for clients some of the estimated R3.4 trillion that will be required to be spent on roads, bridges, energy and other projects across the continent over the next two decades, CEO Sim Tshabalala said.Tshabalala, interviewed…

The Agricultural Business Chamber of South Africa (Agbiz) has expressed serious concerns regarding the nation's potential removal from the African Growth and Opportunity Act (Agoa).The apprehension follows US President Donald Trump’s decision last month to end USAID to South Africa, igniting fears of an impending economic setback.Wandile Sihlobo, chief economist of…

Banele GinidzaCabinet is placing a significant emphasis on food security and disaster management, as highlighted by Minister in the Presidency Khumbudzo Ntshavheni during a report on Thursday. The announcement follows the formation of two speciality task forces aimed at addressing the challenges confronting these critical sectors. This strategic move comes…

The South African government has welcomed the €4.7 billion (R93.5bn) package announced by the European Union (EU) to support strategic investment projects in the country.During the SA-EU Summit in Cape Town on Thursday, leaders of the EU announced the multi-billion euro as part of the Global Gateway Investment Package.“We are…

Banele GinindzaEconomists saw the step-up 0.5 percentage point VAT increase over the next two financial terms as not only messy, but an indication of government running out of headroom for revenue generation.The increase, a compromise on an outright 2% VAT increase proposed in the deferred budget from last month, is…

Banele GinindzaSouth Africa is seeing a "doubling down" of G20 partners, European countries, the Far East, and the Middle East who are eager to help fill the gap in funding of the Just Energy Transition (JET) left following the withdrawal of the partnership by the US recently.America had pledged a…

 There’s been a lot of buzz around the Two-pot retirement system that officially came into effect on September 1, 2024. It’s a significant shift in how retirement savings are managed in South Africa, and with it comes a host of questions and uncertainties. To get to the bottom of things,…