Why All South Africans should be keep an eye on the National Budget Speech
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GUEST: THERESE HAVENGA, HEAD OF BUSINESS TRANSFORMATION AT MOMENTUM INVESTO
The president of South Africa normally delivers the State of the Nation Address (SONA) at the beginning of February. The SONA sets out the government’s accomplishments in the past year, as well as the government’s plans for the next year and beyond.
These plans need to be financed. This is where the National Budget comes in. And it is addressed to the nation by the Minister of Finance on the first Wednesday after 20 February. In this case, Wednesday 22 February 2023.
But how exactly is this going to impact your household finances? Here’s a handy list of things to look out for and understand about this year’s Budget address:
The president of South Africa normally delivers the State of the Nation Address (SONA) at the beginning of February. The SONA sets out the government’s accomplishments in the past year, as well as the government’s plans for the next year and beyond.
These plans need to be financed. This is where the National Budget comes in. And it is addressed to the nation by the Minister of Finance on the first Wednesday after 20 February. In this case, Wednesday 22 February 2023.
But how exactly is this going to impact your household finances? Here’s a handy list of things to look out for and understand about this year’s Budget address:
