MTBPS: rand strengthened to below R17/$ for first time in almost 3 years
The MTBPS was good news for the rand that was just hanging in there since the start of the year and even breached R18/$ due to the US tariffs.
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The MTBPS was good news for the rand that was just hanging in there since the start of the year and even breached R18/$ due to the US tariffs.
Although the minister had many plans to make the economy grow, he had little immediate value to offer citizens.
Economists liked what they heard in the MTBPS, but there was also some disappointment about the things he left out.
Various organisations welcomed this year’s MTBPS as it had good news about revenue collection and government debt.
Central to reaching this goal are public-private partnerships.
This extension follows the first one made in May during the Budget Speech.
Gross revenues are projected to fall short by around R15.7 billion.
He had news many people were waiting for on the inflation target, the fiscal anchor and a budget surplus of R19.7 billion.
Illicit cigarettes trade has grown to 75% in 2025 from 19% in 2014.
Consumers want to know if they will keep their medical tax credits and whether income tax brackets will be adjusted.
Economists are hoping for significant changes in the MTBPS, while tax payers are waiting to see if the tax brackets will be adjusted.
Garth Rossiter says government needs to step up and provide the basics to support SMEs’ growth.
Will the minister tell us where the R1 trillion in investment is that he promised in the Budget to “turn South Africa into a building site”.
One of the things South Africans will look for in the MTBPS is whether the Reserve Bank will make it official to set the inflation target at 3%.