Economy

Budget 2019: Focus shifts to restoring credibility

Finance Minister Tito Mboweni’s maiden Budget Speech didn’t deliver any major punches such as 2018’s surprise 1% VAT hike, but instead sought to acknowledge the tough economic situation facing taxpayers and restore confidence in the credibility of the South African Revenue Service (SARS).

PwC tax experts comment on the Budget Review, 2019

Budget 2019: Beyond the crossroads

Government’s budget deficit and debt level numbers do not, in isolation, reveal whether its fiscal consolidation effort is gaining traction or not. That is not to say these ratios are unimportant. Successful fiscal consolidations inevitably need improved budget balances to stabilise the debt ratio and place fiscal policy back on a sustainable path.

Fasten your seatbelts for a bumpy ride