The projected economic growth trajectory remains insufficient to address structural unemployment
The growth outlook is insufficient to alter unemployment dynamics, some argued
National treasury officials said the costing for the deployment of soldiers in crime-affected areas — as announced by President Cyril Ramaphosa, his Sona, had not yet been done
Over the next three years, growth is projected to average 1.8% and reach 2% by 2028
A 0.3% tax would generate enough to secure life’s necessities for many tens of millions of the world’s most vulnerable
The African Tax Administration Forum is a continental force — and it must lead Africa’s fiscal future
Despite the global environment becoming less tense since the March meeting, the central bank will remain cautious, economists say
The EFF criticises it as ‘unimaginative’ and not benefiting poorer South Africans, while the DA calls it a step towards ending ‘unchecked government spending’
Budget choices must empower the poor and end socio-economic exclusion
The treasury needs to focus on strengthening revenue collection, efficient allocation and optimisation
Tax bracket over-inflation has led to income inequality and less money for essential services
Concerns are growing about a prospective tax increase that would put more burden on the nation’s economy, which was already in deficit at the start of the fiscal year.…
The rand depreciated after the postponement of the budget speech to 12 March
Comprehensive reforms are required, including dismantling the neoliberal economic framework
If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
The South African Revenue Service has turned to salaried workers and professionals to buoy revenue collection but is also targeting multinationals posting profits abroad
A senior treasury official told MPs the intention was not to close the widening deficit through higher personal income taxes
Money is needed from corporations and the ultra-rich to reduce poverty and inequality, empower women, transform food systems and overhaul energy systems
The South African Canegrowers Association says the sugar industry is in crisis after Tongaat Hulett was put under business rescue
Dr Navind Dayanand has been charged with R142-million personal income tax and VAT fraud and PAYE credit fraud with the potential prejudice of R637-million to Sars
