JSE and Rand stand firm despite Trump tariffs and Budget challenges

System Administrator

JSE equities and the Rand held their ground despite Trump and Budget 2025. The controversial “second” attempt to set a national budget by the Minister of Finance, Enoch Godongwana, last Wednesday did not run smoothly as members inside the Government of National Unity and other opposition parties disagreed over many points. The Minister had indicated that the loss in tax income (R28 billion) by only implementing a 0.5% hike in VAT this year will be made good by earning the same amount through bracket creep in personal income tax. The higher tax income burden was just shifted away from a higher VAT rate to consumers paying income tax. An almost double the inflation rate 7.8% increase in consolidated expenditure was allowed. This, against an expected gross domestic product (GDP) economic…

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Star South Africa (Digital) - 1 Issue, 2025-03-17

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