This year’s Budget Speech, delivered by the Minister of Finance on 25 February 2026, held many positive developments, which were good news for businesses and taxpayers of South Africa. The key change was that the government withdrew the R20 billion tax increase under consideration and provided some much-needed relief to various taxpayers. However, it [...]
After an unprecedented postponement triggered by widespread disagreements within the GNU (Government of National Unity) regarding a proposed VAT increase, Finance Minister Godongwana presented the 2025/2026 National Budget Speech on 12 March 2025. Below is a summary of the tax-related changes: - VAT (Value Added Tax) Considering the impact of a VAT adjustment, VAT [...]
South Africa’s new two-pot retirement scheme was designed to give members some financial breathing room during tough times, without requiring them to resign to access their savings. In short, although it offers short-term financial relief, this withdrawal benefit should only be considered for emergencies and not change how you think about your retirement financial [...]
