‘Austerity did not work, now we look to higher tax revenue’ – Godongwana

Budget will leave South Africans bruised and bloodied | Budget 2025: More legislation ahead to help SA exit grey list

View this email in your browser Good morning John Thu, 13 March 2025 Today on MoneywebNOW Matete Thulare from RMB discusses a tough budget, including a 0.5% Vat hike for this year and next. Professor Adré Schreude from the University of Pretoria shares insights from their consumer survey on local bank satisfaction. Livestream at 6:30am » Top stories BUDGET 'Austerity did not work, now we look to higher tax revenue' – Godongwana Ryk van Niekerk ‘I take the responsibility for that decision’ says Finance Minister. Budget will leave South Africans bruised and bloodied Amanda Visser Bracket creep off the table – individual taxpayer burden effectively increased by R18bn. BUDGET The DA does not support the budget Ryk van Niekerk ‘The fact that a Vat increase has been imposed on the people of South Africa makes no sense if it does not come with decisions that can make a huge difference to economic growth’: DA leader and Minister of Agriculture John Steenhuisen. #Budget2025 in a nutshell – Godongwana tables 0.5 percentage point Vat hike Suren Naidoo For each of the next two years, but expect a showdown in parliament over the increase. Brought to you by 10X Investments The 3 biggest retirement decisions you can’t get wrong 10X Investments Getting the ‘The Golden Equation’ to balance makes it far more likely you won’t run out of money once you retire. Latest audio RADIO » PODCASTS » LIVESTREAM » Good rerating potential for Absa MoneywebNOW - Brought to you by STANLIB Higher Education institutions must drive social responsibility Moneyweb@Midday A tough budget for tough times SAFM Market Update Dit is nie ’n groeibgroting nie RSG Geldsake In case you missed it TRENDING » KleuterZone fails to pay March dividends and rent Liesl Peyper | 18 comments #Budget2025 in a nutshell – Godongwana tables 0.5 percentage point Vat hike Suren Naidoo | 13 comments New Nedbank CEO gets R70m sign-on ‘bonus’ Moneyweb | 7 comments Indicators MORE » ALL DATA TOOLS » Current Value Move % USDZAR 18.33 13 Mar, 5:41 -0.06 % EURZAR 19.96 13 Mar, 5:41 -0.08 % GBPZAR 23.75 13 Mar, 5:41 -0.10 % BTCUSD 83,618.80 13 Mar, 5:41 0.71 % Current Value Move % JSE ALSI 86,854 13 Mar 00:00 -0.27% S&P500 5,599.30 12 Mar, 0:00 0.49% Dow Jones 41,350.93 12 Mar, 0:00 -0.20% BRENT 70.93 13 Mar, 5:32 0.06% Winners: 52/100 Current Value Move % 7 Day Move 30 Day Move ASSURA » 12.00 12 Mar, 17:00 7.33 % 22.08% 36.67% POWER » 108.00 12 Mar, 14:05 5.64 % -15.44% -25.03% QUILTER » 37.39 12 Mar, 17:00 4.41 % 5.62% 2.86% Losers: 46/100 Current Value Move % 7 Day Move 30 Day Move KUMBA » 330.87 12 Mar, 17:00 -7.26 % -7.58 % -3.94 % NORTHAM » 120.81 12 Mar, 17:04 -6.28 % 14.26 % 7.24 % IMPLATS » 113.81 12 Mar, 17:14 -5.92 % 20.12 % 15.97 % The winners and losers are ranked by the market performance of the latest trading day of the top 100 JSE-listed companies by market capitalisation. Our advisors GET LISTED » CONTACT US » Get to know VIEW ALL » Johann Rossouw - CFP® Fiscal Private Client Services Keagan Marcia Parity Investment Partners Advisor views VIEW ALL » Your rights and responsibilities to protect you against undesirable financial outcomes Munaf Mukadam - Gradidge-Mahura Investments With the quantity of information and paperwork involved in most financial transactions, misunderstandings are not uncommon. WATCH: Retire rich by avoiding these costly money mistakes Hardi Swart - Family Wealth Custodians Exploring six costly money mistakes that could be sabotaging your financial future. Get full access to all our market indicators, investment tools and award‑winning articles. R70/month or R700/year SUBSCRIBE NOW or create a free account. Free registered users can leave up to 4 comments per month. Subscribers can leave unlimited comments via our website and app. Quick links Home » Daily Indicators » SENS » JSE Search » Radio » Podcasts » Sign in » Register » Newsletters » Contact us Phone: +27 (0)11 344 8600 Newsroom: [email protected] Advertising: [email protected] Technical & Account Enquiries Support requests are not handled by phone. Get help quickly by emailing us at [email protected]

This email was sent to [email protected] why did I get this? unsubscribe from this list update subscription preferences Moneyweb (Pty) Ltd · AME Office Park, 5, 8th Street · Houghton Estate · Johannesburg, Gauteng 2196 · South Africa

͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏