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. “Fundamentally, South Africa has a deficit because we spend more than we earn. And there is only one way to earn more. A country earns money […]

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