'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
'Trade stops wars'

'Trade stops wars'

The Money Show’s Bruce Whitfield interviews EWN’s Stephen Grootes who is in Davos for the 2017 World Economic Forum.

How to (legally) avoid responsibility for the loss of another

How to (legally) avoid responsibility for the loss of another

Enter at own risk... The Money Show’s Bruce Whitfield interviews a consumer law specialist.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

The Money Show’s Bruce Whitfield interviews Ford South Africa CEO Jeff Nemeth.

Trump bio ‘unlocks extraordinary personality and terrifying political leader’

Trump bio ‘unlocks extraordinary personality and terrifying political leader’

Bruce Whitfield interviews J Brooks Spector, Daily Maverick’s expert on all things American, for his weekly business book review.

‘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
'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

'I apologise to our customers for the inconvenience' - Ford SA CEO Jeff Nemeth

The Money Show’s Bruce Whitfield interviews Ford South Africa CEO Jeff Nemeth.

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.

Mbete joins ANC succession race, and Zuma surprises Mkhize in KZN

Mbete joins ANC succession race, and Zuma surprises Mkhize in KZN

According to reports, some ANC Women's League members do not support Nkosazana Dlamini-Zuma, and want Mbete to take over.

Lumka Oliphant sorry for insulting women while defending Minister

Lumka Oliphant sorry for insulting women while defending Minister

Minister Bathabile Dlamini's spokesperson says people should stop spreading lies that minister drinks alcohol.

Terror expert warns that SA could be a target in 2017

Terror expert warns that SA could be a target in 2017

Sunday Times reported that a Islamic State bomb maker was arrested as he was about to board a flight to Johannesburg.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.