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The country awaits in bated breath for the minister of finance, Mr Enoch Godongwana’s, budget speech on 23 February 2022.

“Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.” – Dale Carnegie

The quote above feels as if it was written for South Africans, as we remain hopeful through adverse circumstances.

South Africa has been on a tipping point for a long time and the effects of the Covid-19 pandemic on the economy and life in general are still ever-present. As a country it is sometimes hard to find positives when looking at social and economic factors, we therefore eagerly await the minister of finance budget speech which will hopefully focus on a recovery plan for our struggling economy.

There have been a few interesting predictions in the media recently regarding expectations for the budget speech, for a more in-depth overview, the link below can be followed:

The predictions however remain exactly that, predictions, we therefore wait in anticipation as a country for tomorrow’s budget speech. We can only hope that a sense of faith in our flailing economy is renewed and that investors see South Africa as an investment opportunity once again.

Overcoming the tax and business changes resulting from the budget speech can be difficult, at SGN Konsult we pride ourselves in keeping up to date with the latest legislative changes.

Should a tax or business consultation be required because of the budget speech changes or for another reason, do not hesitate to contact us using our email address below.

The SGN Konsult Team


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