Analysis & Profiles 27.2.2017 09:24 am

SA needs to do more to plug its deficit than target the rich

In his 2017/18 budget speech, Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.

Faced with a growing deficit, depressed revenue generators and a limited tax pool, South Africa’s finance minister, Pravin Gordhan, once again focused the tax increases on high income earners. By his own admission finding the right tax balance for the 2017/18 budget was a challenge.

SA needs to do more to plug its deficit than target the rich
SA needs to do more to plug its deficit than target the rich

SA needs to do more to plug its deficit than target the rich

In his 2017/18 budget speech, Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.

The odd meaning of ‘radical economic transformation’ in SA
Analysis & Profiles

The odd meaning of ‘radical economic transformation’ in SA

In his state of the nation address, Zuma spoke emphatically of ‘radical economic transformation’, causing nationwide debate. What does it mean?
Irony-free Cyril willing to invest further billions in ‘predictable’ SA
Analysis & Profiles

Irony-free Cyril willing to invest further billions in ‘predictable’ SA

In a column penned by the deputy president, Ramaphosa says SA is governed in a ‘stable and predictable way’. Really now?
Zama-zamas here to stay, top mining lawyer says
Analysis & Profiles

Zama-zamas here to stay, top mining lawyer says

Widespread poverty will continue feeding the desperation that keeps zama-zamas going underground, top lawyer says.
Black South Africans earn the least – survey
Analysis & Profiles

Black South Africans earn the least – survey

Black workers earn on average R4 723 a month, coloureds R6 294, Indians R12 265 and whites R17 123.
State to close provident fund tax loophole
Analysis & Profiles

State to close provident fund tax loophole

Provident fund members have best of both worlds – saving for retirement in a tax shelter then being able to take 100% of savings as a cash lump sum on retirement.
Time running out for SA economy
Analysis & Profiles

Time running out for SA economy

Credit rating agencies, the IMF and SA citizens want economic growth to be boosted – and quickly, but how realistic are our prospects?
Business blood bath not far away
Analysis & Profiles

Business blood bath not far away

Average businesses are facing significant headwinds… and are losing the battle.
Foreigners snapping up SA stocks
Analysis & Profiles

Foreigners snapping up SA stocks

Foreigners have been net buyers of SA equities for 36 consecutive days.
Local government poll: how lekker is Gauteng?
Analysis & Profiles

Local government poll: how lekker is Gauteng?

More than 30 000 voters have their say on what matters to them

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