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NATIONAL BUDGET SPEECH 2024

#BudgetSpeechYourself

You’ve heard the 2024 Budget Speech, now get real about your finances. The first step to achieving financial confidence is to #BudgetSpeechYourself. We’ve got the resources and financial solutions you need to budget, save, and invest.

    Impact on Your Daily Life

    Unlocking financial insights on the Budget Speech with Farzana Botha

    In this video, Farzana and I discuss:

    • Celebrating the small wins/habits moving you forward and identify those that are not serving your goals

    • Are you maximising every opportunity? Retirement contributions, tax-free savings, etc.

    • Two-pot system and how it will impact your retirement

    • The importance of partnering with an expert

    • Taking responsibility for one's finances

    Budget Speech 2024

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    Key Takeaways From the 2024 National Budget

    12 min read

    Tax revenue performed better than expected in 2021/22 and 2022/23, largely as a result of higher commodity prices. Over the past year, however, many of the risks identified in the 2023 Budget Review have materialised.

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    Look in the Mirror and Budget Speech Yourself

    8 min read

    Minister Godongwana continues to walk a tricky tightrope, determinedly working to decrease government borrowing, while aiming to bridge the gap between revenue and expenses.

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    Budget 2024 – Treasury Hits Taxpayers

    6 min read

    Budget 2024 reflects a familiar outcome. The government’s debt ratio continues to drift higher over the next two years amid a tepid economic growth rate and growing demands for additional expenditure. 

    Calculate your tax

    2024/25 Tax Calculator

    Calculate your monthly and annual income tax for the 1 March 2024 – 28 February 2025 financial year.

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    Your gross income minus deductions, e.g. Retirement Annuity, Medical Aid.
    Optimise on your tax savingsSave more for your retirement and get taxed lower. Find out how much you could save in taxes.
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    This amount includes your retirement contributions as well as your employer’s contributions.
    maximise your tax benefits

    Invest in our tax-efficient products

    Take the first step to achieving financial confidence by making the most of your tax-savings benefits.

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    Retirement Annuity

    Maximise your tax benefit with Sanlam’s retirement solutions. Invest today and boost your retirement savings with Wealth Bonus®.
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    Tax-free Savings Account

    Reach your long-term saving goals by paying zero tax on interest, dividends and capital gains. Invest from only R250 per month.

    Create a budget, take back control

    Financial confidence starts with knowing your numbers. Take the first step by creating your budget and taking back financial control.
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    Helpful Resources

    Tax pocket guide 2024

    The SARS tax pocket guide provides a summary of the most important information relating to taxes, duties and levies for 2024/25. You’d like to read the entire Minister’s speech, you can download a copy of the transcript.

    Get the People’s guide to the budgetThis is a joint publication between National Treasury and South African Revenue Service that announces government’s spending, tax and borrowing plans for the next three years.
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    People's Guide to the Budget: English
    People's Guide to the Budget: Zulu
    People's Guide to the Budget: Afrikaans
    People's Guide to the Budget: Xhosa
    People's Guide to the Budget: Setswana

    Get your financial roadmap

    Everyone wants to live with confidence, knowing they’ve got the best chance at achieving their goals. But, what financial goals should you have? And how do you achieve those?

    Do our quick eight-minute quiz to get a grasp on your current financial status and money management habits.

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    get in touch

    Need to talk to someone?

    We are here to help you get the information you need. Fill out this form to get a callback or feel free to call us on weekdays between the hours of 08:00 and 17:00.

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