Economy / Budget 2020

National Budget – Preference share schemes under spotlight

The 2020 National Budget tabled in Parliament on 26 February by Finance Minister, Tito Mboweni, held no surprises on any matters impacting the fiduciary industry.

National Treasury Takes a View on Financial Emigration

Budget may not have done enough to avert a downgrade, but the focus on expenditure cuts rather than tax hikes will lift sentiment

The 2020/21 Budget shows National Treasury is willing to make hard choices during difficult times. This is according to Johann Els, Old Mutual Investment Group Chief Economist, who says that Minister Mboweni’s statement is likely to lift business sentiment and ease some pain for long-suffering consumers.

South Africa's National Budget Speech 2020: A fiscal surprise

South Africa’s Minister of Finance, Mr Tito Mboweni delivered a surprising budget for 2020/21 before Parliament today by opting not to increase tax rates, highlighting the fact that in the current economic environment, substantial increases are likely to be ineffective.