Johan Coertze

Fasken are most popular: within Insurance and Law Department Performance topic(s) with Senior Company Executives, HR and Finance and Tax Executives with readers working within the Banking & Credit, Insurance and Healthcare industries On 25 February 2026, the Minister of Finance, Enoch Godongwana, delivered the 2026 budget speech. We have set out below a summary of the key tax proposals included in the budget.

Whether finance charges are deductible for income tax purposes is an important consideration when calculating the cost of credit. Historically, SARS has denied borrowers a deduction for the various costs associated with obtaining credit. One such cost is so-called 'raising fees', which in general terms constitutes the cost paid for purposes of initializing and procuring a loan.

Whether finance charges are deductible for income tax purposes is an important consideration when calculating the cost of credit. Historically, SARS has denied borrowers a deduction for the various costs associated with obtaining credit. One such cost is so-called ‘raising fees’, which in general terms constitutes the cost paid for purposes of initializing and procuring a loan.