Now is not the time to increase taxes…
24 February 2022
South Africa’s Minister of Finance, Enoch Godongwana, took to the podium on 23 February 2022 to deliver his 2022 Budget Speech. The presentation took place against the backdrop of the Covid-19 pandemic, bouts of load-shedding, rising unemployment and slower-than-expected economic recovery… FAnews did a quick ‘whip around’ of market commentators’ impressions immediately following the speech. At first glance, most were happy with the budget’s expenditure and income proposals, with a Moneyweb.co.za poll of four economists and one finance editor awarding the minister a staggering 7.5 out of 10.