Johannesburg, 13 March 2025 – The Budget 2025 version 2.0 has come and gone, and today we contemplate what all this means and why we should care about what the Minister said. Pieter Faber, Executive Taxation at the South African Institute of Chartered Accountants, unpacks how all of this will impact South African citizens.

SAICA member, Dr Muneer Hassan CA(SA); Chartered Tax Advisor (CTA); Deputy Chair of the SAICA National Tax Committee; Deputy HOD Accountancy and Senior Lecturer Taxation at UJ delves into this much debated question.

Business confidence in its most basic form is the optimism or pessimism of business in future economic conditions. This in most instances drives their willingness to invest, hire people and expand operations. According to a report by United Nations Trade and Development (UNCTAD), several factors beyond economic determinants are increasingly shaping investment decisions. These include trends in global value chains, technological advancements, geopolitical dynamics, and environmental concerns.