Ané Craig, Fund Manager at PSG Asset Management says, although we expect investors to benefit from continued positive market dynamics locally, we also anticipate volatile returns over the year given an unpredictable global backdrop and heightened sensitivity to news flow. Risk management will therefore be key – but an over-reliance on volatility indicators in isolation could be misleading.

Discover how South Africa’s latest Budget balances fiscal consolidation, economic growth, and coalition politics. Investment strategist Izak Odendaal unpacks VAT hikes, spending priorities, debt challenges, and global risks—offering key insights for taxpayers, investors, and business leaders.

Budget 2025 aims to balance fiscal consolidation with economic growth but introduces risks with VAT hikes and no inflationary tax bracket adjustments. While infrastructure investment is promising, concerns remain over execution, debt levels, and political uncertainty in the approval process.

Forvis Mazars experts analyse Budget 2025, highlighting VAT increases, stagnant tax brackets, and corporate concerns. While government spending rises, tax revenue measures aim to stabilise debt. Increased SARS funding is a positive step, but economic growth and fiscal sustainability remain key challenges.

Financial, employment, and education experts react to Budget 2025. Jurgen Eckmann highlights the impact of unchanged tax brackets, Nkosinathi Mahlangu questions youth employment strategies, and Arno Jansen van Vuuren welcomes increased education funding despite VAT hikes and rising consumer costs.

Citadel’s Maarten Ackerman highlights key risks in Budget 2025, including debt concerns, uncertain GDP growth, and political instability. While infrastructure investment and fiscal consolidation show promise, execution challenges and tax hikes could strain economic recovery and household finances.