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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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SOUTH AFRICA: More downgrades will increase outflows
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DOI: 10.1108/OXAN-ES226089
ISSN: 2633-304X
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Geographic
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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…
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DOI: 10.1108/OXAN-DB258902
ISSN: 2633-304X
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Geographic
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Amid a surge of COVID-19 infections, however, the government appears focused on the health rather than the economic aspects of the crisis.
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DOI: 10.1108/OXAN-DB253988
ISSN: 2633-304X
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Meanwhile, the already dire state of public finances is set to deteriorate further as the economic impacts of the COVID-19 dampen revenues and increase debt, further undercutting…
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DOI: 10.1108/OXAN-DB253562
ISSN: 2633-304X
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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…
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DOI: 10.1108/OXAN-DB247562
ISSN: 2633-304X
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SOUTH AFRICA: IMF loan will raise reform stakes
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DOI: 10.1108/OXAN-ES254179
ISSN: 2633-304X
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However, the MTBPS relies even more heavily on getting powerful public-sector unions to agree to unprecedented wage freezes over the next three years, putting its credibility in…
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DOI: 10.1108/OXAN-DB257211
ISSN: 2633-304X
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Preparations were disrupted by the COVID-19 pandemic and the start has been postponed until July 1.
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DOI: 10.1108/OXAN-DB260552
ISSN: 2633-304X
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The re-opening comes despite an infection rate that is expected to peak only later this year.