Image: ReutersAn economist at Wits University, Lumkile Mondi, expectswhen he delivers his maiden budget speech on Wednesday.
Mondi is among the economists who believe that under the current economic conditions, Godongwana will maintain most of the current tax regimes. He says commodity prices and the lockdown regulations remaining at Alert Level 1 leading to an improvement in revenue is good news for government. “The Minister of Finance is expected to keep both personal income tax as well as corporate tax steady because the improvement in revenue driven by commodity prices and most importantly by the lowering of lockdown to Level 1 shows an improved performance from companies from the retail to banks, therefore, I think many South Africans should be worried about excise tax, those that drink and smoke will likely pay more,” says Mondi.
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