Richan Schwellnus speaks on the 2024/25 Budget Speech | Radio 702 and CapeTalk Interview

Richan Schwellnus, Tax Attorney at Tax Consulting South Africa, delivered invaluable expertise on 702/CapeTalk, offering keen insights into the highly anticipated speculations surrounding the 2024/25 Budget Speech amid prevailing economic challenges. This year marks a milestone for our firm, as our predictions for the Budget Speech were remarkably accurate, a testament to our two decades of operational excellence.
Richan’s analysis touched on VAT increases, which could disproportionately affect low to middle-income earners, and the unlikelihood of raising personal and corporate income taxes due to their current rates and economic implications. He also highlighted the risks of making fiscal predictions close to the Budget Speech.
Professionals interested in economic policy and fiscal management are encouraged to listen to the full interview for a comprehensive perspective!