Mail & Guardian
Mail & Guardian
fiscal policylatest news & developments
Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance. (Screenshot: YouTube)

Unequal society burdens South Africa’s tax system, says Sars head

Edward Kieswetter says taxpayers’ willingness to comply has been eroded by poor governance

EFF president Julius Malema.

EFF pushes its alternative budget, demands reform

The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase

IFP leader Velenkosi Hlabisa. (@GovernmentZA/X)

Hlabisa calls for stability as VAT fallout threatens to capsize GNU

The Inkatha Freedom Party president said the VAT debate should not be weaponised to derail the coalition government’s primary mandate of ensuring economic stability and service…

Democratic Alliance leader John Steenhuisen. (Delwyn

Coalition takes wrangling over tax in the budget to parliament

Budget approval hangs in the balance and resistance to it is set to play out in the legislature’s finance committees

President Cyril Ramaphosa and DA leader John Steenhuisen. (GCIS)

Budget deadlock threatens governance stability, small parties warn

Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Sustainable budget solutions over tax hikes, please

Operational inefficiencies and infrastructure neglect have led to logistical challenges costing the economy R1 billion daily in lost economic output

Finance Minister Enoch Godongwana delivers the 2025 Budget. Photo: Jeffrey Abrahams/Gallo Images

Cabinet says it has reached an agreement on budget

The finance minister now has to choose from several options presented by a task team to draw up a budget

Minister in the Presidency Khumbudzo Ntshavhenini. (GCIS)

Cabinet invokes Public Finance Management Act to justify historic budget delay

Minister in the Presidency Khumbudzo Ntshavhenini said the postponement was necessary to address funding challenges within a constrained fiscal environment

Finance Minister Enoch Godongwana delivers the 2025 Budget. Photo: Jeffrey Abrahams/Gallo Images

Mid-term budget: Godongwana introduces early retirement plan

An amount of R11 billion will be set aside to allow people early exit from public service

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Mid-term budget: Godongwana maintains line on austerity

Finance Minister Enoch Godongwana has doubled down on the government’s fiscal consolidation efforts by reducing spending from 28.6% of GDP in the 2023-24 financial year to 27.6%…

SAB chief executive Richard Rivett-Carnac said the industry needed strong policy certainty about excise tax. (File photo)

SA Breweries warns that inflated tax threatens jobs, local growth

The industry wants excise tax relief amid declining sales and economic strain

South African Reserve Bank governor Lesetja Kganyago. Photo: Getty Images

Economic policy and the state capture ‘scarecrow’

Anxiety about governance failures stands to limit our options, just when we need an alternative direction the most

The ANC has made the call for more flexible monetary policy before, but has dithered in seeing it through. (Photo: Delwyn Verasamy, M&G)

Reserve Bank changes to keep economy afloat are dead in the water

The ANC has made the call for more flexible monetary policy before, but has dithered in seeing it through

The South African Reserve Bank has hiked the repo rate by a less-than-forecast 25 basis points. (Gallo Images / Alet Pretorius)

Restructure Reserve Bank ownership, but do so cautiously, says ANC

The ruling party has repeated its proposal to nationalise the central bank’s ownership and mandate, but says it must be done in a way that is conscious of costs

‘Guarded optimism’: President Cyril Ramaphosa has spent four years fixing the relationship with investors and it finally seems to be starting to pay off. Photo: Delwyn Verasamy

Economic policy a sideshow to ANC spectacle

Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence

‘Guarded optimism’: President Cyril Ramaphosa has spent four years fixing the relationship with investors and it finally seems to be starting to pay off. Photo: Delwyn Verasamy

Economic policy a sideshow to ANC spectacle

Investors will watch President Cyril Ramaphosa’s political fate closely, but the best outcome for the rest of us is that the factional battle exposes the ANC’s policy ambivalence

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track. (Waldo Swiegers/Bloomberg via Getty Images)

2022: A return to normality or more economic uncertainty?

Covid-19 cast the economy adrift, but a less punishing new phase of the pandemic could set it back on track

A member of the Durban Metro Police looks at a looted retail store in central Durban, on July 11, 2021. – Several shops are damaged and cars burnt in Durban, following a night of violence. Police are on the scene trying to control further protests. It is unclear if this is linked to sporadic protests following the incarceration of former president Jacob Zuma. (Photo by – / AFP)

Unrest’s economic hit is likely temporary, but risk of fiscal strain mounts — Fitch

The ratings agency warned that South Africa’s public finances could be affected if the government reacts to the riots by easing fiscal policy