The 2025 budget speech was quite contentious. It sparked significant debate due to key proposals like a phased increase in VAT, which raised concerns about its impact on low-income households. The speech was delayed by disagreements within the government, highlighting tensions over policy trade-offs.

AE Investment Managers, in partnership with Analytics Consulting, proudly presents a summary video of this year’s budget speech, delivered by Kevin Lings, Chief Economist at Stanlib