Budget

Doing so would at least provide a target.

From a retirement fund perspective, trustees and management committees need to ensure their funds are optimally structured for the best outcomes.

Understanding the impact of the budget on South Africa's economic trajectory.

Sars’s focus on the illicit tobacco market yields billions.

Infrastructure investment planned by government over the next three years amounts to R944bn.

Old age, war veterans, disability and care dependency grants up by R90 in April and another R10 from October.

'If your finances are not sustainable, that is reflected in your risk premium and, therefore, in your cost of borrowing, and in the ability of the economy to access capital at a cost that allows the economy to grow': National Treasury Director-General Dr Duncan Pieterse.

In afternoon trade the rand was at R18.82 to the dollar.

The currency advanced as much as 0.5% to R18.81 per dollar by 2:10 p.m. in Johannesburg, after trading flat before the announcement was made.

But approved guarantees to SOEs expected to increase by R33bn to R503.3bn by 31 March.

Read or watch Finance Minister Enoch Godongwana full budget speech.

But Sarb-administered contingency reserve account will be tapped for billions.

Government expects to collect R8bn in 2026 once ‘Pillar Two’ of new global rules comes into effect.

But will only be introduced in March 2026.