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How taxes are killing South Africa’s economy

How taxes are killing South Africa’s economy

In this episode of Money, Markets and Masterminds, Citywire South Africa and Keith Engel (pictured below), CEO of the South African Institute of Taxation, break down the true impact of government tax policies. We explore whether the country is pushing past the top of the Laffer Curve, how tax complexity is strangling businesses and the economy, and why endless hikes might do more harm than good.
5 minute read

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Discussions around the contentions VAT increase

Discussions around the contentions VAT increase

As Finance Minister Enoch Godongwana will table his budget speech tomorrow, various sectors including ordinary South Africans will be waiting with baited breath to see if there will be a VAT increase. While some are calling for an increase in the allocation for local government. Also having unions warning government not to renege on the 5.5 percent wage offer that was presented to unions in the public sector. Prof Keith Engel, CEO of the South Africans Institute of Taxation weighs in.

9 min video |

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Budget speech postponed to March – Keith Engel

2025 Budget Speech has been postponed

The much-awaited 2025 Budget Speech has been postponed. This comes as there have been disagreements within the Government of National Unity over the budget. The Finance Minister Enoch Godongwana has announced that the amended Budget will be announced on March 12. Interview with the North West University Business School Economist Professor Raymond Parsons and The South African Institute of Taxation CEO Professor Keith Engel, on the implications of the Budget Speech being postponed.

18 minute 32 second video

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Different types of taxes that we pay

Expectations on tax changes

With the 2025 National Budget Speech just a day away, critical tax and economic policy changes will soon be unveiled. Experts believe finance minister Enoch Godongwana will announce a raft of tax adjustments including VAT, personal income tax and corporate tax, to cover the revenue shortfall.

2 minutes and 57 video

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