Property groups welcome tax relief measures in South Africa's 2026 Budget

PROPERTY groups have responded positively to the adjustment of personal income tax brackets announced in the National Budget Speech by Finance Minister Enoch Godongwana on Wednesday.

- YOGASHEN PILLAY

PROPERTY groups have responded positively to the adjustment of personal income tax brackets announced in the National Budget Speech by Finance Minister Enoch Godongwana on Wednesday.

(SUPPLIED)

Dr Andrew Golding, the chief executive of the Pam Golding Property group, said that the National Treasury's 2026 Budget strikes an appropriate balance, placing strong emphasis on a fiscal strategy that promotes inclusive growth, macroeconomic stability, and the long-term sustainability of public finances. "Equally importantly, it also delivers meaningful tax relief to consumers. The tax relief measures announced provide welcome support to consumers at a time of sustained cost pressures.

Adjustments to personal income tax brackets and rebates to counter bracket creep, together with higher tax-free savings and retirement contribution thresholds, will help protect disposable income and encourage greater long-term financial resilience."

Golding added that for the residential property market, any improvement in household cash flow is significant.