Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done properly, would tick all the boxes.
Articles on South Africa budget
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South Africa’s treasury thinks that additional revenue should come from taxes on consumption.
South Africa needs a credible plan to stabilise and reduce debt or it risks economic stagnation and financial instability.
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Appointing a credible director can be a step in the right direction for South Africa's parliamentary budget office.
Whether measures announced by Gigaba will stave off a downgrade of South Africa’s local currency debt by one remaining rating remains to be seen.
South Africa’s finance minister was honest about the problems facing the country. But he made no real suggestions that the government will start doing things differently.
Top contributors
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Senior Research Associate, University of Johannesburg
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Professor of Sociology, University of the Witwatersrand
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Research Fellow at the Impumelelo Economic Growth Lab. The Impumelelo Economic Growth Lab is a unit of the Bureau for Economic Research (BER), Stellenbosch University
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Senior Research Associate, Southern Africa Labour and Development Research Unit, University of Cape Town
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Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand