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.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Khokhela Consulting MD Laurence Grubb.
South Africa’s repo rate remains unchanged at 6.75%. Bruce Whitfield interviews Nedbank economist Busisiwe Radebe.
For centuries it had abundant water supplies. That's over. Bruce Whitfield interviews Future Water Institute’s Dr Kevin Winter.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
Naspers constitutes a whopping 20% of the Top 40 index. Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
“However,” says Dr Iraj Abedian, “no Finance Minister can make the budget work if other Ministers don’t play along…”
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
Revelations published today show how the premier's sons and Free State govt appear heavily involved in the Gupta-owned companies.
The EFF lawyer stole the show during the state capture report court battle.
Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.