As the new Financial Year has been heralded in with the 2018 Budget Speech this week, we have collected the thoughts from leading financial experts who unpack what you need to know about the most impactful points of the Budget:

Source – EWN News

Budget 2018: how it affects you

Arthur Kamp Sanlam Investment Economist

Aligning the tax structure with the growth objective

The outstanding feature of Budget 2018 is the decision to raise the VAT rate by 1%, which nets the fiscus an additional R22.9 billion in 2018/19. Together with another increase in the fuel levy and excise duty increases in excess of inflation it ensures the dominant share of the additional R36 billion collected in taxes in 2018/19 will come from indirect taxes… Read More

Post Budget 2018 Commentary

Malusi Ndlovu Head of Old Mutual Corporate Consultants

Continuing the momentum created by a positive and well-received State of the Nation Address, the Finance Minister delivered a well-balanced budget with a strong focus on fiscal consolidation and growth stimulation to avoid a further credit rating downgrade…Read More

Good budget shows willingness to take difficult decisions – and hopefully keep Moody’s on hold

Nazmeera Moola, co-Head of Fixed Income, Investec Asset Management

By raising South Africa’s VAT rate from 14% to 15%, the South African government indicated a willingness to take difficult (and unpopular) decisions in order to stabilize the fiscus.  Coupled with the recent change in the President, this Budget should be enough to keep Moody’s on hold when they release their South Africa sovereign review on March 22nd.  If a good cabinet is appointed in the coming week, it may even be enough for Moody’s also to move the outlook to stable from negative.  However, there are two concerns – firstly, that the debt-to-GDP profile does not stabilize for five years, and secondly, the public sector wage settlement that is still being negotiated…Read More

Source –

Contact Prism Employee Benefits for Financial Advice or Employee Benefits solutions on the form below:


* These fields are required.