Pre-Budget 2025 webinar: how to unlock billions in growth potential – IRR

Pre-Budget 2025 webinar: how to unlock billions in growth potential – IRR

Ahead of next week’s budget, the Institute of Race Relations (IRR) has urged finance minister Enoch Godongwana to consider three simple steps that could unlock billions in growth potential.
Ahead of next week’s budget, the Institute of Race Relations (IRR) has urged finance minister Enoch Godongwana to consider three simple steps that could unlock billions in growth potential.

It proposes that the government should:

  • Be transparent about the real costs of so-called BEE “premiums”;
  • Reduce BEE premiums to R0, and
  • Cut Value-Added Tax by R100 billion

Taking these steps, says IRR Fellow Gabriel Crouse, would be the most direct way to unlock the wiser buying power of millions of South Africans, particularly the poor, who best understand the value of every cent they are left to spend after tax. 

Treasury could take all three steps now to stimulate economic and jobs growth, without adding to public debt, while directly alleviating poverty.

Crouse will spell out the details of the IRR proposal − contained in a new report, Cut VAT & BEE − in the online discussion on Tuesday morning.

Webinar details:

Date: 18 February 2025

Time: 10:00

Participants: Gabriel Crouse (author) Hermann Pretorius (Host)

Platform: Streamyard  (https://streamyard.com/watch/evRgUxSzmwXR)

Media contact: Gabriel Crouse, IRR Fellow Tel: 082 510 0360 Email: gabriel@irrlegal.org.za

Media enquiries: Michael Morris Tel: 066 302 1968 Email: michael@irr.org.za