What could lie ahead for South Africa in the 2023 budget speech
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South Africa’s Minister of Finance, Enoch Godongwana, delivers his budget speech on 22 February and in this edition of Business Law Focus, host Evan Pickworth interviews Charles de Wet, tax executive at ENSafrica, about what may be in store for long-suffering taxpayers.
This comes as the devaluation of the rand and rising inflation rates, the aftermath of the Covid-19 pandemic and the continuing war in Ukraine pose a significant challenge for South Africa to restore the health of its public finances to a sustainable position. Load-shedding will also have a significant impact on the tax base.
This comes as the devaluation of the rand and rising inflation rates, the aftermath of the Covid-19 pandemic and the continuing war in Ukraine pose a significant challenge for South Africa to restore the health of its public finances to a sustainable position. Load-shedding will also have a significant impact on the tax base.