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NOW Ep92: Budget 2025 | What to expect

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With a challenging economic landscape, fluctuating currency, global trade tensions, and ongoing energy struggles what can South Africans, businesses and investors expect from Finance Minister Enoch Godongwana’s 2025 Budget Speech? Investec experts Chief Economist Annabel Bishop, Treasury Economist Tertia Jacobs and Chief Investment Strategist Chris Holdsworth share their predictions for Budget 2025.

Podcast key moments:

00:00 – Introduction
01:16 - Overview of the current macroeconomic landscape
03:08 - What has changed since the Minister of Finance tabled the Medium-Term Budget Policy Statement (MTBPS) in October 2024?
04:10 – What will investors be watching in Budget 2025
04:45 - How do you expect the minister to navigate fiscal deficit?
06:35 - Can government lower its debt trajectory?
07:43 – How do we drive growth in South Africa?
08:52 - Expectations for revenue in the upcoming budget? any tax increases?
13:11 - From an investment perspective, what are the implications for various key sectors and the equity market?
14:18 - Outlook for government bond yields?
15:47 - When will South Africa get to investment grade?
16:44 - How can the budget address issues related to retrenchment and unemployment?
18:12 - Are there strategies to ensure the development of a sustainable infrastructure in South Africa?
19:55 - What's the one big thing that you're looking out for in budget 2025?

Read more on www.investec.com/now

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business and political news in South Africa, with an all-star cast of investment and wealth managers, economists and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business.
Chapters
  • 00:00 Introduction
  • 01:16 Overview of the current macroeconomic landscape
  • 03:08 What has changed since the Minister of Finance tabled the Medium-Term Budget Policy Statement (MTBPS) in October 2024?
  • 04:10 What will investors be watching in Budget 2025?
  • 04:45 How do you expect the minister to navigate fiscal deficit?
  • 06:35 Can government lower its debt trajectory?
  • 07:43 How do we drive growth in South Africa?
  • 08:52 Expectations for revenue in the upcoming budget? any tax increases?
  • 13:11 From an investment perspective, what are the implications for various key sectors and the equity market?
  • 14:18 Outlook for government bond yields?
  • 15:47 When will South Africa get to investment grade?
  • 16:44 How can the budget address issues related to retrenchment and unemployment?
  • 18:12 Are there strategies to ensure the development of a sustainable infrastructure in South Africa?
  • 19:55 What's the one big thing that you're looking out for in budget 2025?
9 Feb 2025 English South Africa Business · Investing

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