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9
Apr
2025
0

Some Key Points From South Africa’s 2025 Budget…

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09 Apr 2025

• VAT Increase:
The budget includes a 0.5% increase in the Value Added Tax (VAT) rate, with a potential further increase of 0.5% in 2026.

• Economic Growth:
The country’s growth is estimated to reach 0.90% for 2025, while the Budget assumes a growth rate 1.90% for 2026.

• Spending Priorities:
Key spending areas include Learning and Culture (Education), Social Development (Grants and Welfare), Health Services, Community Development (Infrastructure & Housing), and Economic Development (Job Creation & Innovation).

• Retirement Fund Proposals:
The two-pot system for retirement funds remains in place, with no changes to the ability of members to access their retirement component until retirement.

• Personal Income Tax:
Personal income tax brackets and rebates will not be adjusted for inflation in 2025/26.


Note: South Africa’s 2025 budget is still subject to parliamentary approval and potential amendments.

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Joy Immelman, Founder of Castle Investments

"I have found there is a strong relationship between our behaviour and how we choose to invest. We also need to be knowledgable of what is going on with the markets and world events. This blog combines the behavioural and the practical - I hope you enjoy the site."

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