The cabinet is working hard on a post-Covid-19 economic recovery plan with a particular emphasis on structural reforms aimed at reducing the cost of doing business to attract investment and domestic capital formation, says deputy finance minister David Masondo.
The government’s ability to spend to stimulate economic growth was constrained, he said on Wednesday, given that a revenue shortfall of nearly R300bn was forecast for the 2020/2021 fiscal year due to the stagnation of the economy because of the lockdown. The SA Revenue Service has projected a revenue shortfall of R285bn...
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