Sars inquiry received with some skepticism - economist

Economist Goolam Ballim says there has been some element of skepticism over Finance Minister Malusi Gigaba's announced judicial commission of inquiry into Sars.

The probe comes amid allegations of state capture and mismanagement at the revenue collector.

Gigaba has been given the green light by President Jacob Zuma to establish investigations which will look into, among other issues, institutional problems.

There has been some element of skepticism to the extent that some may say there is an orbit of proximity between the President, leadership at Sars and even the finance minister himself...so the fact that there is this investigation as an idea, has startled some people.

Goolam Ballim, Chief Economist at Standard Bank

Two things surface. One is that are there process failures at the revenue service, the other is simply faith and trust in the system.

Goolam Ballim, Chief Economist at Standard Bank

So broadly speaking these two elements effectively translate into this outcome where in the current fiscal year a shortfall of R 50 billion and over three years an astonishing estimated R 210 billion. In fact I think it could be worse.

Goolam Ballim, Chief Economist at Standard Bank

Click on the link below to listen to the full audio....


This article first appeared on CapeTalk : Sars inquiry received with some skepticism - economist


Recommended

by NEWSROOM AI
Read More
There are massive challenges in the way tax is collected - Judge Dennis Davis

There are massive challenges in the way tax is collected - Judge Dennis Davis

On Tuesday, Finance Minister Malusi Gigaba announced an urgent inquiry into governance and tax administration at Sars.

Political desk: Difficult to understand what Gigaba is up to

Political desk: Difficult to understand what Gigaba is up to

Political analyst Karima Brown gives her take on an announced judicial commission of inquiry into SARS and other political news.

President Jacob Zuma gives the go ahead on Sars investigation

President Jacob Zuma gives the go ahead on Sars investigation

Jacob Zuma, has given the green light to set up an urgent judicial inquiry into tax administration and governance at Sars.

Why has Sars not done anything since 2014 to protect taxpayers asks Lackay

Why has Sars not done anything since 2014 to protect taxpayers asks Lackay

Former Sars spokesperson accuses the revenue services of inconsistency in protecting taxpayers information.

SSA should be asking Pauw for help rather than fighting him - Lawson Naidoo

SSA should be asking Pauw for help rather than fighting him - Lawson Naidoo

Jacques Pauw's latest book makes very serious allegations of a criminal nature about the State Security Agency, Sars and Zuma.

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

The President's Keepers: PDF version is tantamount to theft - Exclusive Books

A PDF version of the book has been doing the rounds since Sars and the State Security Agency threatened legal action.

Popular articles
[WATCH] Hilarious little girl tells mom that she needs a boyfriend

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

'The VhaVenda King is very pained by what happened to VBS and people's money'

'The VhaVenda King is very pained by what happened to VBS and people's money'

The VhaVenda King's spokesperson Mathivha Makonde says the King is calling on authorities to help him correct the wrong.

Journos provide fresh insights into the latest on state capture inquiry

Journos provide fresh insights into the latest on state capture inquiry

Journalists Karyn Maughan and Erin Bates provide insights into the state capture inquiry.

C-section births have nearly double since 2000 - study

C-section births have nearly double since 2000 - study

Professor Justus Hofmeyr says there are a number of reasons why the number of c-sections has doubled.