Like his predecessor Mboweni, Godongwna will have to grapple with South Africa's rising sovereign debt burden.
"These debt service costs are non-discretionary – in other words, we cannot avoid paying them. Their effect, therefore, is to crowd-out other spending priorities," he said.
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Minister Godongwana will turn to sin taxes to find additional revenue: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.An economist at Wits University, Lumkile Mondi, expects Finance Minister Godongwana to turn to sin taxes to find additional revenue when he delivers his maiden budget speech on Wednesday. Over burden SAns with more tax while hyena walk freely after stealing millions We need accountability and arrest to corrupt individuals. We can make our money go a long way if we cut down corruption and maladministration. We cant keep on increasing taxes 4 hyenas to steal more
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