Budget speech messaging – cautious with some positives
The Minister of Finance shared what some may term a cautious Budget, despite the urgency to kick-start the South African economy. Understanding the importance of the private businesses in South Africa is the starting point. How to incentivise these business families to reinvest in their South African operations to grow their revenues, and in turn support their employees with more opportunities to learn and grow and earn higher salaries and wages. Ultimately to earn sustainable profit margins in the long-term.
Such incentives should not stop at the business level either, they need to also incentivise the owners of such business, who have and continue to build investible capital, or the custodians of such investible capital, to re-invest in South Africa
