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African trade is growing despite the obstacles

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Businesses are expanding across borders. New trade corridors are emerging. Regional ambition also remains strong. However, liquidity, payment and execution challenges continue to shape the reality of doing business across Africa. Six months into 2026, African trade is growing, but it appears to be telling two stories at once.

SME relief – VAT threshold increases to R2.3 million

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South Africa’s 2026 National Budget has delivered targeted SME relief for small and medium-sized enterprises (SMEs). This includes a significant increase in the Value Added Tax (VAT) registration threshold. It also introduces enhanced capital gains tax exemptions for qualifying business owners.

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