Tag: Standard Bank South Africa
SME relief – VAT threshold increases to R2.3 million
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.
SMEs and SONA’s support – all eyes now on the national...
As South Africa prepares for the National Budget Speech later this month, attention is turning to whether government commitments to small and medium-sized enterprises (SMEs) will receive fiscal support and implementation details. These elements are required to unlock real economic impact.
Digital payments growth – driven by grocery spending
Data from South Africa's year-end trading period signals resilient consumer demand. It also highlights a strong foundation for continued growth in digital transactions across business and consumer segments. As businesses of all sizes embraced digital payments, transaction volumes and values maintained strong momentum. The 2025 festive season trade results reflected this robust consumer activity.
