Director’s Cut: Dawie Roodt – R50bn windfall… will treasury cut taxes or feed the state?

Forty-one budgets later, Dawie Roodt isn’t buying the hype. With a possible R50bn revenue surprise, falling bond yields and stabilising debt, South Africa has a rare window to reform. But will Treasury slash corporate taxes and ease bracket creep - or funnel more money into SOEs, grants and a bloated wage bill? Roodt warns that windfalls tempt politicians… and markets are watching.