The Consumer Goods Council of South Africa (CGCSA) welcomes the national budget as a progressive approach to further growing the economy, accelerating structural reforms under Operation Vulindlela, progressing towards fiscal restraint, and investing in infrastructure. The decision to withdraw planned tax increases will further improve household incomes and in turn benefit the retail and consumer goods sector through higher spending. This should filter into the economy, providing an even bigger revenue base for the government through tax receipts, while providing much-needed stimuli to grow the economy, create jobs, and reduce poverty. Zinhle Tyikwe, says: “The economic recovery needs to be
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Monthly Archives February 2026
Savings, Tax and the Real Opportunity in Budget 2026
Ricardo Teixeira, Managing Director, BDO South Africa Wealth Advisers Finance Minister Enoch Godongwana tabled the 2026/7 national budget today, describing it as a “turning point” for South Africa. The overarching ambition is clear: put the country’s public finances on a sustainable footing and restore fiscal credibility. It is a compelling macro narrative. But for ordinary South Africans trying to protect and grow their wealth, the more immediate question is a simpler one, what does this budget actually mean for me, and what should I do about it? Budget 2026 will not be remembered as the budget that gave South
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BDO.
The 2026 Budget: A Clear Shift Towards SME Led Growth
By: Pat Mokgatle, Head of Entrepreneurial Business at BDO SA. SMEs are finally being recognised for what they truly are – the backbone of the South African economy. It is encouraging to see that the 2026 Budget has deliberately incorporated entrepreneurial behaviour into its policy framework, with tangible tax relief and practical measures aimed at helping businesses survive and grow in an exceptionally tough economic environment. While the projected economic growth of 1.6% remains below global benchmarks and insufficient on its own to materially reduce unemployment, the direction of travel is clear: sustainable growth will be driven by small and
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BDO.
CGCSA SAYS NATIONAL ILLICIT DISRUPTION PROGRAMME KEY TO PROTECTING JOBS, REVENUES AND CONSUMER SAFETY
The Consumer Goods Council of South Africa (CGCSA) welcomes the establishment of the National Illicit Disruption Programme announced by President Cyril Ramaphosa during his State of the Nation Address (SONA), calling it a decisive intervention against South Africa’s escalating illicit economy. This scourge is draining as much as R100 billion in lost state revenue annually, undermining legitimate industries and endangering public health. CGCSA notes that the programme’s success will depend on a coordinated approach by various stakeholders, including the use of digital passports, data analytics, and stronger law enforcement. The illicit economy is eroding South Africa’s economy and destroying
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SMART SHOPPER SAVING POCKETS, CHANGING LIVES
At a time when every rand counts and with loyalty usage at record levels and promotions increasingly shaping shopping decisions, Pick n Pay’s returning Smart Shopper Price Palooza campaign shows how loyalty-driven promotions can translate into real financial relief. Over the past two years, Pick n Pay’s Smart Shopper Price Palooza campaign has seen routine shopping trips aimed at maximising savings result in unexpected cash windfalls, with R100 000 given away every day during each Palooza period. The impact of these wins has extended far beyond a once-off windfall. Winners have used their R100,000 prize money to complete retirement homes,
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Feed the Nation Foundation Backs Healing Through Play at Sunshine & Smiles Festival
Cape Town, Western Cape, 7 February 2026. The Western Cape is home to hundreds of child and youth care centres, many of which face increasing pressure due to underfunding, staff burnout and the complex trauma experienced by children in their care. The Sunshine & Smiles Festival held this past weekend in Cape Town, saw a day of connection, play and emotional healing for hundreds of children from care facilities across the Western Cape. Feed the Nation Foundation (FTN), together with LED Lighting SA, Sisanda FunDaytion, and the City of Cape Town, have partnered on this annual festival, which was designed
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