For the first time in 25 years, the South African government will hike up Value-Added Tax (VAT) in a bid to fund the gaping hole in the national budget.
With tax collection falling short by R48-billion, compounded by former president Jacob Zuma’s announcement of fee-free higher
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President Cyril Ramaphosa has been pressuring the finance ministry to reduce spending and increase revenue, and South Africans should thus prepare for another tough budget, finance minister Malusi Gigaba told the Mail & Guardian.
Amid speculation that Gigaba could be reshuffled out of the paramount ministry by Ramaphosa after his takeover as head of state,
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Maiden speeches are tricky. They only come once. The one delivered by newly-elected president of the African National Congress (ANC) Cyril Ramaphosa required extraordinary ingenuity. Ramaphosa had to knit together multiple dynamics into a coherent whole. He managed to do this, delivering a speech which largely resonated with the delegates. His maiden address to the..
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