Economy

Taxes may not rise, but that doesn't mean that South Africans will necessarily be better off after this year's national budget is announced this week

Finance minister Enoch Godongwana will be making some hard trade-offs as he balances competing interests in his maiden budget speech taking place later this week

Finance minister Enoch Godongwana will be making some hard trade-offs as he balances competing interests in his maiden budget speech taking place later this week.

Pre-budget insight

Budget preview: Revenue overruns to provide some breathing room

Thanks to the increase in the prices and volumes of our mining exports, we expect to see continued revenue overruns in the current fiscal year when Finance Minister Enoch Godongwana presents his budget next week. Our expectation is for an overrun of around R75bn, with decent tax collection across the board, but an especially strong performance from company income tax collection.