Business Breakfast with Bashier Adam, Tertia Jacobs, Adam Ismail, Nexia SAB&T & Hotel Sky
26 June 2025
Topic: South Africa’s Budget 3.0 & Economic Insights: Navigating the Budget, Fiscal Strategy & Global Market Trends
In this informative Ubuntu Business Breakfast, industry leaders Bashier Adam, Tertia Jacobs, and Adam Ismail unpack South Africa’s evolving economic landscape — offering a grounded perspective on the national budget, global market shifts, and the realities shaping business today.
A key theme throughout the session is uncertainty both globally and locally. From shifting geopolitical dynamics and rising protectionism to South Africa’s own structural challenges, the speakers highlight the importance of understanding the broader context in which businesses operate.
From an economic lens, Tertia provides a clear framework for navigating this complexity — pointing to slow growth, infrastructure constraints, and policy uncertainty as key barriers, while also highlighting areas of opportunity such as:
- Interest rate movements and inflation trends
- The role of a stronger rand and global market shifts
- The importance of investment in infrastructure and human capital
Bashier builds on this by unpacking the national budget in practical terms and emphasises the pressure on a narrow tax base, rising debt levels, and the urgent need to shift from consumption-driven spending to investment-led growth. His perspective reinforces a critical message: sustainable growth cannot come from government alone as it requires enabling the private sector to lead.
From a legal standpoint, Adam offers valuable insight into the regulatory and legislative environment, highlighting key developments in company law, BEE, and competition policy. He underscores that while policy continues to evolve, South Africa remains a credible and active business environment, with strong legal frameworks and ongoing deal activity beneath the surface.
Across all three perspectives, one message stands out: South Africa’s challenges are real, but so is its potential. With the right balance of policy reform, collaboration, and private sector participation, there is a clear path toward unlocking growth.
Ultimately, this session reinforces the importance of staying informed, adaptable, and solutions-driven because in a shifting landscape, those who understand the system are best positioned to navigate it.
Ubuntu Members can access the recording from the event! Find out more…
A big thanks to our sponsors and partners for being part of our journey!
We have a great appreciation for our event sponsor Nexia SAB&T & our venue sponsor Hotel Sky Cape Town for making this event possible!
A huge thanks to our Tech and AV crew Inhouse VTM and our media crew Shed Studios for capturing our events.
To our partners Amy Foundation, Nexia SAB&T, Sure Travel, Glue Up, Paysoft Impact, International Hotel School and WORD Magazine we truly value our collaborations together!
Business Breakfast with Bashier Adam, Tertia Jacobs, Adam Ismail, Nexia SAB&T & Hotel Sky
26 June 2025
Topic: South Africa’s Budget 3.0 & Economic Insights: Navigating the Budget, Fiscal Strategy & Global Market Trends
In this informative Ubuntu Business Breakfast, industry leaders Bashier Adam, Tertia Jacobs, and Adam Ismail unpack South Africa’s evolving economic landscape — offering a grounded perspective on the national budget, global market shifts, and the realities shaping business today.
A key theme throughout the session is uncertainty both globally and locally. From shifting geopolitical dynamics and rising protectionism to South Africa’s own structural challenges, the speakers highlight the importance of understanding the broader context in which businesses operate.
From an economic lens, Tertia provides a clear framework for navigating this complexity — pointing to slow growth, infrastructure constraints, and policy uncertainty as key barriers, while also highlighting areas of opportunity such as:
- Interest rate movements and inflation trends
- The role of a stronger rand and global market shifts
- The importance of investment in infrastructure and human capital
Bashier builds on this by unpacking the national budget in practical terms and emphasises the pressure on a narrow tax base, rising debt levels, and the urgent need to shift from consumption-driven spending to investment-led growth. His perspective reinforces a critical message: sustainable growth cannot come from government alone as it requires enabling the private sector to lead.
From a legal standpoint, Adam offers valuable insight into the regulatory and legislative environment, highlighting key developments in company law, BEE, and competition policy. He underscores that while policy continues to evolve, South Africa remains a credible and active business environment, with strong legal frameworks and ongoing deal activity beneath the surface.
Across all three perspectives, one message stands out: South Africa’s challenges are real, but so is its potential. With the right balance of policy reform, collaboration, and private sector participation, there is a clear path toward unlocking growth.
Ultimately, this session reinforces the importance of staying informed, adaptable, and solutions-driven because in a shifting landscape, those who understand the system are best positioned to navigate it.
Ubuntu Members can access the recording from the event! Find out more…
A big thanks to our sponsors and partners for being part of our journey!
We have a great appreciation for our event sponsor Nexia SAB&T and our venue sponsor Hotel Sky Cape Town for making this event possible!
A huge thanks to our Tech and AV crew Inhouse VTM and our media crew Shed Studios for capturing our events.
To our partners Amy Foundation, Nexia SAB&T, Sure Travel, Glue Up, Paysoft Impact, International Hotel School and WORD Magazine we truly value our collaborations together!

