If value-added tax were to be used to fund the insurance, it would have to rise from 15% to 21.5%
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The target for tax authorities is the $2-trillion in annual e-commerce transactions that is set to rise to $4.5-trillion in three years’ time
The preliminary outcome is worse than budgeted in February, but say officials, the turnaround in tax refunds shows greater transparency
Tito Mboweni is plugging the revenue collection holes created by the former commissioner
Eskom gets R69-billion in additional funds for its restructuring plans but no debt relief deal
Opposition parties have added their input ahead of the presentation of the budget speech
Here’s our round-up of the outlook for electricity, taxes, fuel, wages and the economy
It’s not often that Bible verses and Dickens are quoted in the same speech, especially when the speech is to outline the medium-term budget
‘This week, South Africans overcame in some ways the silence and shame tied to menstruation’
The 1% VAT increase had cushioned the revenue shortfall in 2018, because it brought in roughly the same amount as the R20-billion VAT refunds.
This policy statement highlights the difficult economic and fiscal choices confronting us over the medium term, the finance minister said
The DA says it has a plan to help the economy recover, and the focus is on stimulating small businesses
Cheaper food has helped to ease the pain but an ever weakening rand means the prognosis is poor
Document details contingency planning if Britain leaves the European Union in March with no transition deal
The labour federation says it will not vote for the ANC in 2019 if government goes ahead with public sector job cuts and privatisation of SOEs
The trade union has called on the government to explain how it will ensure VAT exemptions result in price cuts for the products concerned
The state has agreed to sell off burdensome assets and encourage private equity
Ministers in the economic cluster have a two-week deadline to come up with measures to ease the burden of high fuel prices and the VAT hike
The VAT rate was raised from 14% to 15% on April 1, 2018, the first change since 1993
The petrol price hike will have a ripple effect on other consumables, with the poor worst hit
Women across the political spectrum have issued a stern warning to treasury: take the request that sanitary pads be VAT exempt seriously
At the end of March 2018, active taxpayers owed SARS about 30-million returns
In March, President Cyril Ramaphosa suspended SARS boss Tom Moyane, saying he had lost confidence in his ability to lead the agency
The South African Reserve Bank has given borrowers a little Easter holiday gift, announcing a 25 basis point cut in interest rates on Wednesday
The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach
In 2016, Moyane’s nephew Nhlamulo Ndhlela was found to have scored a debt collection contract from Sars worth R220-million
South Africa’s land policy is flailing around in the dark, with the haziest of understandings of how well or how badly land reform is doing
Besides wanting more goods to be zero-rated, the federation is upping public sector wage demands
The ethical and political reasons to avoid free higher education are unambiguous
2018’s budget does not go far enough. Perhaps Malusi Gigaba was caught up in the euphoria of the widely welcomed Sona by Cyril Ramaphosa
Instead of hitting low earners hard, the budget should have raised wealth and corporate taxes
Spending cuts and VAT increase mean everyone will contribute to free higher education