Economy / General

SA’s economy has a small window of opportunity to bounce back and rebuild

South Africa has a limited window of opportunity to reset the economy and build a stronger base for sustained long-term growth – seizing it will require rebuilding business and investor confidence by moving swiftly to implementation of the economic reforms outlined in Minister of Finance Enoch Godongwana’s 2022 Budget speech.

Old Mutual experts provide commentary on Budget 2022

Taxes may not rise, but that doesn't mean that South Africans will necessarily be better off after this year's national budget is announced this week

Budget preview: Revenue overruns to provide some breathing room

Thanks to the increase in the prices and volumes of our mining exports, we expect to see continued revenue overruns in the current fiscal year when Finance Minister Enoch Godongwana presents his budget next week. Our expectation is for an overrun of around R75bn, with decent tax collection across the board, but an especially strong performance from company income tax collection.