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

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

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 delivery

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

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

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

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 said the postponement was necessary to address funding challenges within a constrained fiscal environment

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

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% in 2024-25.  This largely reflects measures implemented in recent years and slower growth projected in non-interest expenditure relative to GDP, the treasury said in its medium-term budget policy […]

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