With the right announcements the markets would react positively, support the government in seeking growth, writes Melanie Verwoerd.
Morning clouds. Cool.
An economist has suggested if departments limit spend on their ministries to R4m - as Treasury does - it could save the fiscus R1bn.
Although 19 food items are free from value-added tax, the upcoming increase raises the issue of the potential impact, especially on the poor, says a tax expert.
A question raised about the VAT increase, as announced in Budget 2018, is how it will impact fixed property sales currently in progress or under negotiation.
The debut sale of Islamic bonds has had investors clamouring for four times the amount offered.
Treasury plans to take a collaborative approach in the consideration of goods to be added to the list of zero-rated items, Parliament has heard.
Trade union federation Cosatu has rejected the proposed one percentage point hike in VAT that was announced by former finance minister Malusi Gigaba in the budget.
Several NGOs, trade unions and political parties are gearing up to fight the increase in the VAT rate as well as other taxes.
The tax revenue the 1% increase in VAT to 15% will raise is similar to the accumulated losses of SAA from 2012 to 2018, says the Free Market Foundation.
Risks to Budget 2018 were raised by the Financial and Fiscal Commission at a joint meeting of the select and standing parliamentary committees on appropriation and finance.
While the 2018 budget projections are a long way from those achieved during the tenure of ex-Finance Minister Trevor Manuel, the country's finances have been put back onto the right path say OAM.
A Fin24 user says that over the past few years he has always been meaning to write an open letter to the minister of finance after the annual national budget.
A tax expert answers frequently asked questions from employees and employers regarding the impact of Budget 2018 and tax law amendments.
There is a way government can access an additional R112bn in revenue instead of increasing VAT by 1% to 15%, says DA leader Mmusi Maimane.
VAT should be dealt with cautiously and if the hike is rejected, then Parliament will have to find alternative options to fund the revenue gap, says Yunus Carrim.
The tax revenue gap is not only due to the poor economic cycle as SARS has asserted, but also due to administration and governance issues at the tax authority, says Treasury.
Cabinet says considering expanding the list of zero-rated goods, following concerns raised over the increase in the VAT rate.
It is positive to have a theme of support for SMEs in both the recent State of the Nation Address and in Budget 2018, says Business Partners Limited.
There is a struggle to balance SA's service delivery needs and the need to manage government's finances, explains the Parliamentary Budget Office.
It seems as if tax administration and compliance have taken a back seat in the ongoing struggle to fund the revenue shortfall, says a tax consultant at Mazars.
A bottoming out of the rand could be imminent and economists' charts are showing that we are in for some surprising times in the next two to three months, says James Paynter.
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