Krutham

Budgeting in an environment of stagnant growth is always going to be very hard. Whatever the cabinet does now, the key test of a budget is whether it enables a future of far easier budgeting by supporting growth, writes Stuart Theobald. Read more at https://lnkd.in/evqC6nR3

VAT is obviously controversial because it is regressive, it hits the poor the hardest. The challenge the Treasury faces is that other taxes, particularly income tax and company tax, have run out of road, writes Stuart Theobald, CFA. Read more at https://lnkd.in/evqC6nR3

The shock last-minute postponement of the budget speech was obviously because the cabinet was not aligned. The proposed two percentage point hike in VAT was by all accounts the key sticking point, Stuart Theobald, CFA writes in this week’s Business Day column. Visit https://lnkd.in/evqC6nR3 to read more.

For the past 30 years, budgets have been tabled by the finance minister and then more-or-less rubber-stamped through parliament. That reflected the ANC’s majority, but also the authority the finance ministry wielded in the cabinet, Stuart Theobald, CFA writes in this week’s Business Day column. Visit https://lnkd.in/evqC6nR3 to read more.

South Africa’s budget process has entered a new era. No longer a rubber-stamped affair, every tax and spending decision now faces real political negotiation. The proposed VAT hike exposed deep divisions, forcing a delay and a fiscal rethink, writes Stuart Theobald, CFA in this week’s Business Day column. With limited options to raise revenue and borrowing off the table, tough choices lie ahead. The key question: will this budget support growth and make future budgeting easier? March 12 will reveal the answer.   For the full article, visit https://lnkd.in/evqC6nR3.

Great news. Due to overwhelming enthusiasm and demand, we’ve extended the nomination deadline for the 2025 Africa Impact Investment Awards to 14 March. This is your chance to shine a spotlight on the changemakers shaping Africa’s impact investing ecosystem. Don’t miss out. Submit your nominations today at https://lnkd.in/d4BSE84A Sponsored by FirstRand Partners: Africa Impact Summit, AVCA - The African Private Capital Association, African Venture Philanthropy Alliance (AVPA), Aspen Network of Development Entrepreneurs, East Africa Private Equity & Venture Capital Association (EAVCA), GSG Impact, Impact Investing Ghana, Impact Investing Kenya, Impact Investing Institute, Impact Investors Foundation (IIF), Southern African Venture Capital & Private Equity Association (SAVCA), UNDP, Zambian National Advisory Board for Impact Investment (NABII) #awards #impactInvesting #nominations #nowopen

The Africa Impact Investment Awards 2025 nominations close in three days. Don’t miss your chance to celebrate innovation and leadership in impact investing across the continent. Nominate now at https://lnkd.in/dY8WDmSw Sponsored by FirstRand Partners: Africa Impact Summit, AVCA - The African Private Capital Association, African Venture Philanthropy Alliance (AVPA), Aspen Network of Development Entrepreneurs, East Africa Private Equity & Venture Capital Association (EAVCA), GSG Impact, Impact Investing Ghana, Impact Investing Kenya, Impact Investing Institute, Impact Investors Foundation (IIF), Southern African Venture Capital & Private Equity Association (SAVCA), UNDP, Zambian National Advisory Board for Impact Investment (NABII) #awards #impactInvesting #nominations #nowopen

Time is running out to submit your nominations for the Africa Impact Investment Awards 2025. This is your opportunity to recognise and celebrate the visionary leaders who are making a significant difference in the field of impact investing across Africa. Shine a spotlight on those driving positive change and fostering sustainable community development. Don't miss this chance to honour their remarkable contributions. Nominate now at https://lnkd.in/dY8WDmSw. Sponsored by FirstRand Partners: Africa Impact Summit, AVCA - The African Private Capital Association, African Venture Philanthropy Alliance (AVPA), Aspen Network of Development Entrepreneurs, East Africa Private Equity & Venture Capital Association (EAVCA), GSG Impact, Impact Investing Ghana, Impact Investing Kenya, Impact Investing Institute, Impact Investors Foundation (IIF), Southern African Venture Capital & Private Equity Association (SAVCA), UNDP, Zambian National Advisory Board for Impact Investment (NABII) #awards #impactInvesting #nominations #nowopen

Listen: Peter Attard Montalto, managing director at Krutham, joins the Money Show with Stephen Grootes on Radio 702 to discuss SA's budget impasse. Visit https://lnkd.in/dbREje3s to listen to the full clip.

Watch: Peter Attard Montalto, managing director at Krutham, joins Xoli Mngambi on Newzroom Afrika to discuss investor confidence impact following the postponement of the 2025 national budget speech. Visit https://lnkd.in/dG8TriKd to watch the full clip.