'VAT at 16% gives us an extra R40 billion'

VAT at 16% gives us an extra R40 billion. Keep in mind; Pravin is only looking for R28 billion.

Osman Mollagee

At some point it becomes counterproductive to extract more…

Osman Mollagee

The Money Show’s Bruce Whitfield interviewed PWC Tax Technical Partner Osman Mollagee.

Mollagee discussed Finance Minister Pravin Gordhan’s Mid-Term Budget Policy Statement.

He reckons a hike in VAT, though politically distasteful, must be considered.

Listen to the analysis in the audio below.

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
South African ad agencies rock the Cannes Lions Festival

South African ad agencies rock the Cannes Lions Festival

Branding and Advertising Expert Andy Rice raves about ads by KFC and Duracell. However, he slams an “appalling” ad by Netcare.

Standard Bank says Competition Commission is dropping charges against some banks

Standard Bank says Competition Commission is dropping charges against some banks

The Competition Commission, however, says Standard Bank is mistaken. Bruce Whitfield interviews Commissioner Thembinkosi Bonakele.

Business Unity South Africa’s plan to deracialise the South African economy

Business Unity South Africa’s plan to deracialise the South African economy

Bruce Whitfield interviews Busa CEO Tanya Cohen about the plan for transforming the economy into an inclusive one.

Michael Mol (SA’s hunkiest, most well-known doctor) bares his soul about money

Michael Mol (SA’s hunkiest, most well-known doctor) bares his soul about money

The Money Show’s Bruce Whitfield interviews Mol about his money beliefs, hopes and fears, successes and failures.

How South Africa’s once-weak trade union movement became powerful

How South Africa’s once-weak trade union movement became powerful

Johnny Copelyn discusses his book entitled “Maverick Insider: A Struggle for Union Independence in a Time of National Liberation”.

‘Gordhan has done enough to keep ratings agencies happy... if others play along’

‘Gordhan has done enough to keep ratings agencies happy... if others play along’

“However,” says Dr Iraj Abedian, “no Finance Minister can make the budget work if other Ministers don’t play along…”

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Spur's 'Monday burger' special extended until June

Spur's 'Monday burger' special extended until June

Spur says they are spreading some good news with their promo extension.

Last chance for Spur's 2-for-1 burger special this Monday

Last chance for Spur's 2-for-1 burger special this Monday

Monday (March 27) is your last chance to sink your teeth into the popular burger special which Spur will discontinue from April.

Money market accounts (and Exchange Traded Funds) FAQs answered

Money market accounts (and Exchange Traded Funds) FAQs answered

Personal finance guru Warren Ingram explains what money market accounts are and the difference between various ETFs.

Stephen McGowan's family still hoping for his return after 2011 Mali abduction

Stephen McGowan's family still hoping for his return after 2011 Mali abduction

The Gift of The Givers and the government are both working to secure his release.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?