Category Archives: Latest News

South Africa’s inflation rate accelerated sharply in April 2026, increasing expectations that the South Africa Reserve Bank (SARB) may raise interest rates in the coming months. Rising fuel prices and global geopolitical tensions have added pressure to businesses, consumers and borrowing costs.

Businesses should prepare for:

• Higher lending and financial costs
• Increased transport and operational expenses
• Tighter consumer spending
• Greater pressure on cash flow management

SARB maintains strong focus on inflation control

SARB Governor Lesetja Kganyago recently confirmed that the reserve bank remains committed to keeping inflation close to its new 3% target over the medium term. Global oil price uncertainty and inflation risks continue to influence monetary policy decisions.

For businesses, this means:

• Careful budgeting is more important than ever
• Debt restructuring and financial planning should be prioritised
• Businesses should review pricing strategies and cost controls regularly 

Positive signs for South Africa’s economy

Despite economic challenges, there has been encouraging progress in South Africa’s fiscal outlook. Moody’s Investors Service recently upgraded South Africa’s outlook from “stable” to “positive” citing improved fiscal discipline and stronger government revenue performance.

National Treasury projects:

• Narrowing Budget deficits over the next few years
• Stabilising government debt levels
• Continued infrastructure and economic reform initiatives

This improved outlook may help boost investor confidence and support long-term economic growth.

2026 Tax updates businesses should know:

According to the latest updates from the South African Revenue Service, the 2026/2027 budget introduced inflationary relief adjustment to personal income tax brackets for the first time in several years.

Key highlights include:

• Adjusted income tax brackets
• Increased tax-free thresholds
• Updated medical tax credits
• Revised SARS interest rates on outstanding taxes

Businesses and individuals are encouraged to review their tax planning strategies to ensure compliance and maximise available relief.

How MFH Chartered Accountants Can Help

At MFH Chartered Accountants, we help businesses navigate changing economic conditions with confidence. From tax planning and financial reporting to advisory and compliance solutions designed to support long-term business growth.

Whether you need assistance with:

Tax compliance and advisory

Financial planning and budgeting

Payroll and accounting services

Business advisory and risk management

our experience professionals are here to help your business stay financially strong in a changing economy.