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South Africa tax agency reform will bolster government

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SOUTH AFRICA

The fifth consecutive year of revenue shortfalls follows years of mismanagement and institutional turmoil at SARS under former Commissioner Tom Moyane, an ally of former President…

South Africa’s government faces major tax dilemmas

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SOUTH AFRICA

Wealth, inheritance and ‘solidarity’ taxes are being considered -- with the latter recently flagged as one solution to pay for COVID-19 vaccine procurement and pandemic-related…

South Africa's budget framework will not allay market

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SOUTH AFRICA

The policy statement gives the government's projection of economic growth and government spending. Gigaba announced that growth for the 2017/18 fiscal year is projected at 0.7%…

South African budget may ease downgrade fears

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SOUTH AFRICA

The first budget since new President Cyril Ramaphosa election by parliament last week, it outlines the National Treasury’s response to a 48.2-billion-rand (4.2 billion dollars…

Tough South Africa budget may keep downgrade at bay

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SOUTH AFRICA

The budget framework presented on February 20 provided a record 69-billion-rand (5-billion-dollar) rescue package for ailing power utility Eskom over three years. Despite measures…

South African 2020 budget may delay Moody's downgrade

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SOUTH AFRICA

While the measures have been welcomed by investors, they depend on Pretoria reaching a deal with civil servants, whose unions have denounced the government’s plans.

Ramaphosa’s union struggles could determine rebound

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SOUTH AFRICA

This followed two days after Finance Minister Tito Mboweni’s Medium Term Budget Policy Statement (MTBPS), which offered an honest assessment of the steep deterioration in the…

South African health plan will prompt more controversy

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SOUTH AFRICA

National Health Insurance (NHI).

Contradictions mar South African foreign policy

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SOUTH AFRICA

South Africa’s stance on the war in Ukraine reflects deeper tensions within the ruling ANC party and government over the country’s national interests.

South African economy faces severe recession in 2020

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SOUTH AFRICA

The announcement will put further pressure on South Africa’s already stressed financial markets. The rand and bond prices fell sharply yesterday, raising questions about whether…