What SMEs can expect from the Budget Speech

GUEST - Vaughan David, CEO of FNB Cash Investments Business <br /> Highlights five key points that SMEs should pay special attention to during the National Budget Speech presentation. <br /> Energy – businesses are looking forward to receiving more clarity on the government’s plans to ease the impact of load shedding and electricity prices which have a knock-on effect on profit margins.Bounce Back Loan Scheme – during SONA, President Cyril Ramaphosa said a few adjustments would be made to the scheme to help entrepreneurs with funding for solar power.Revenue collection – a reprieve in major revenue generating categories, such as corporate tax, personal income tax, VAT, and the general fuel levy, often go a long way to help ease the pressure on businesses as the economy continues to struggle.Economic growth – it is important for SMEs to understand how the government intends on supporting economic recovery through various measures and initiatives which remain key for job creation and growth. <a href="http://www.kayafm.co.za/">Kaya FM </a>