CAPE TOWN – Finance Minister Tito Mboweni’s upcoming 2019 Budget Speech on February 20 will be a waltz with the recent State of the Nation Address (Sona) to the tune of the upcoming elections.
This is according to Ettiene Retief, the chairperson of the National Tax and Sars Committee at the South African Institute of Professional Accountants (Saipa).
Says Retief: “President Ramaphosa’s address set the tone for the budget, which must also keep ANC voter confidence high when the nation goes to the polls on 8th May. But with revenue collection under constant pressure and a shrinking taxation profile due to immigration, high unemployment and job losses, and the results of poor economic growth, the question remains – how will the President’s vision be funded?”...
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