2021 Budget Speech Overview

For SME’s the anticipation of the budget speech ended up on quite an anti-climax as there was a lack of focus on small businesses. However, with the small businesses at the back of the queue, the Department of Small Business Development has allocated R4 billion over the medium term to  township and rural enterprises, including blended finance initiatives. News that the Department of Tourism has reprioritised R540 million over the medium term to establish the Tourism Equity Fund (TEF) to support the tourism sector recovery is also encouraging.

 

For a more in-depth summary and analysis of the budget speech and the Tax Guide from 1 March 2021 – 28 February 2022 (SARS), kindly follow the links below.