Foreword

Kliek hier vir AFRIKAANS

As we navigate the dynamic landscape of 2025, South Africa finds itself at a crucial juncture, with several key issues influencing the business environment. From the ongoing deliberations within the Government of National Unity surrounding the national budget to shifts in the country’s fiscal policy, these developments are shaping the financial and corporate landscape in profound ways.

One of the most significant points of conflict has been the proposed increase in Value-Added Tax (VAT), which has sparked debate across the political spectrum and among various business sectors. While the government’s proposed budget was initially delayed due to disagreements within the coalition, the eventual outcome will undoubtedly have far-reaching implications for business operations, tax compliance, and overall economic health. A carefully balanced budget is essential to maintain investor confidence, safeguard fiscal stability, and foster a conducive environment for growth.

In addition to fiscal policy adjustments, there is growing concern over South Africa’s credit rating and the potential risks posed by the ongoing political instability. These factors contribute to an atmosphere of uncertainty, which calls for strategic financial planning and agility in business decision-making. Now, more than ever, organisations must remain vigilant and proactive in adapting to both domestic and global market conditions.

Amidst these challenges, it is crucial for businesses to stay informed, enhance internal controls, and align their strategies with the ever-evolving regulatory and economic frameworks. At ASL, we are committed to help our clients navigate these complexities within South Africa’s dynamic business environment.

As always, we encourage our clients to engage with our team of professionals for tailored advice that can help steer your business through the current landscape with confidence.

Kind regards

Pieter, Christa, Jaco, Reinhard & Jacques