South Africa's finmin Nene says outlook for tax revenues unchanged
By Respect Gwenzi, May 23, 2018
South Africa Finance Minister Nhlanhla Nene said on Tuesday that the outlook for tax revenues remain unchanged, in a blow to the chances of reducing the budget deficit.
Nene made the comments in parliament.
Treasury Director General Dondo Mogajane said earlier this month that South Africa will struggle to raise the tax revenues needed to reduce a budget deficit and support fragile economic growth due to ongoing problems in tax administration.
REUTERS
Top Stories
Zimbabwe’s US$1.59bn Investment Pipeline Faces Execution Test: ZIDA Shifts Focus From Licences to Capital Deployment
Zimbabwe has approved almost US$1.59 billion of new investment proposals during the second quarter of 2026, although the more consequential number sits outside the licensing table. It is the amount of
6 hours agoAir Zimbabwe’s US$11m Loss Meets Growing Aviation Market: Passenger Growth Raises Return Hurdle on Fleet Renewal
One of the more revealing findings in the latest Auditor General report is that Air Zimbabwe can produce a clean set of accounts and still remain economically fragile. The Auditor General issued an un
9 hours agoGlobal Seas Hit 21.1°C Peak in August : East Africa Braces for Floods as Southern Africa Fears Drought
Global sea surface temperatures reached 21.1°C on 22 August 2026, the highest daily reading in Copernicus records dating to 1979. The new peak exceeded the previous 21.09°C record set in March 2024 a
19 hours ago
