Isaah Mhlanga | Why a short-term tax windfall should not fund a basic income grant

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Isaah Mhlanga, chief economist at Alexander Forbes.
Isaah Mhlanga, chief economist at Alexander Forbes.

However noble it may be to recommend a basic income grant, it's unwise to make a permanent commitment based on a temporary windfall, writes Isaah Mhlanga.

The South African Revenue Service (SARS) reported an over collection of R38 billion in tax in the fiscal year 2020/2021 compared to the February Budget estimate, which itself had estimated about R100 billion over collection compared to the 2020 Medium-Term Budget Policy Statement estimates.

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