for subscribers

Govt finances off to a rocky start in 2021 as new lockdown eats into tax revenue - economists

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Government has reinstated a ban on alcohol sales (Photo: Getty)
Government has reinstated a ban on alcohol sales (Photo: Getty)

The move to adjusted an lockdown Level 3, which includes a ban on alcohol sales, will have a negative impact on tax revenue, but this won't push the economy over a cliff either, says an economist.

Last week, amid rapidly rising Covid-19 cases which saw the country breach the one million mark, President Cyril Ramaphosa announced the economy would move from Level 1 lockdown restrictions to adjusted Level 3. The lockdown is to be reviewed on 15 January.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.01
(-0.38)
ZAR/GBP
20.86
(+0.05)
ZAR/EUR
18.04
(+0.10)
ZAR/AUD
11.65
(+0.01)
ZAR/JPY
0.14
(-0.18)
Gold
1719.48
(-0.27)
Silver
26.04
(-1.76)
Platinum
1175.50
(-0.67)
Brent Crude
63.29
(-1.13)
Palladium
2373.74
(+1.46)
All Share
67538.56
(+0.00)
Top 40
62110.73
(+0.01)
Financial 15
12555.17
(+0.79)
Industrial 25
88260.75
(+0.20)
Resource 10
68572.99
(-0.58)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1045 votes
No, I did not.
52% - 2606 votes
My landlord refused
28% - 1404 votes
Vote