What SMEs can expect from the Budget Speech
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GUEST - Vaughan David, CEO of FNB Cash Investments Business
Highlights five key points that SMEs should pay special attention to during the National Budget Speech presentation.
Energy – businesses are looking forward to receiving more clarity on the government’s plans to ease the impact of load shedding and electricity prices which have a knock-on effect on profit margins.Bounce Back Loan Scheme – during SONA, President Cyril Ramaphosa said a few adjustments would be made to the scheme to help entrepreneurs with funding for solar power.Revenue collection – a reprieve in major revenue generating categories, such as corporate tax, personal income tax, VAT, and the general fuel levy, often go a long way to help ease the pressure on businesses as the economy continues to struggle.Economic growth – it is important for SMEs to understand how the government intends on supporting economic recovery through various measures and initiatives which remain key for job creation and growth.
Highlights five key points that SMEs should pay special attention to during the National Budget Speech presentation.
Energy – businesses are looking forward to receiving more clarity on the government’s plans to ease the impact of load shedding and electricity prices which have a knock-on effect on profit margins.Bounce Back Loan Scheme – during SONA, President Cyril Ramaphosa said a few adjustments would be made to the scheme to help entrepreneurs with funding for solar power.Revenue collection – a reprieve in major revenue generating categories, such as corporate tax, personal income tax, VAT, and the general fuel levy, often go a long way to help ease the pressure on businesses as the economy continues to struggle.Economic growth – it is important for SMEs to understand how the government intends on supporting economic recovery through various measures and initiatives which remain key for job creation and growth.
