Tito Mboweni increasing VAT is not politically palatable at moment - Economist
Finance Minister Tito Mboweni will deliver his budget speech on Wednesday.
The budget will give details of how the priorities set out during President Cyril Ramaphosa's State of the Nation Address will be funded.
Bongani Bingwa speaks to Nedbank economist Busisiwe Radebe to give more insight on her expectations for the budget speech.
She says structural reforms is if the structure of the economy is changed.
You want to look at what is wrong with the economy and what needs to be done to fix the problem. We see that revenues have underperformed and we want to look at reasons why they have underperformed.Busisiwe Radebe, Economist - Nedbank
The unemployment rate is one of the big reasons why revenue in South Africa has underperformed, she explains.
If you don't have a job, you don't have a salary and if you don't have a salary you cant pay tax. We have to do something about the economy and our unemployment rate is a structural issue.Busisiwe Radebe, Economist - Nedbank
She says Mboweni might look at increasing VAT, however, she doesn't think that is politically palatable at the moment.
Listen below to the full conversation:
Ntuli's campaign spokesperson Sam Mgobozi has confirmed that she has written to the party's public representatives.Read More
EWN parliamentary correspondent Babalo Ndenze gives an update of the briefing by Cogta Minister Nkosazana Dlamini-Zuma.Read More
Transport Minister Fikile Mbalula gives the state of readiness of his department as the country moves to lockdown Level 3.Read More
Spokesperson Kabelo Mahlobogwane says they wont allow the minister to use pupils and teachers to test the strength of COVID-19.Read More
Political analyst Lukhona Mnguni looks at the announcement of moving to Level 3 and the politics around the lockdown.Read More
President Cyril Ramaphosa announced in an address to the nation that SA will move down to Level 3 lockdown from 1 June.Read More
The President has delivered a lockdown update - listen to his explanation of the move to Level 3 from 1 June.Read More
A survey by teacher unions shows that 92% of SA's schools are not ready and safe to re-open says Natu's Cynthia Barnes.Read More
Presidency says he will tackle developments in South Africa’s risk-adjusted strategy to manage the spread of COVID-19.Read More
A video shot in the Western Cape shows an officer dragging a mask-wearing woman to a police van, apparently during exercise hours.Read More