The ANC’s march towards 2019 will not be smooth, despite the party ticking some of the right boxes as it marks the beginning of the build-up to the crucial national elections. President Cyril Ramaphosa has acted decisively in seeking to rebuild the economy, beginning with the boards of state-owned enterprises, the reappointment of Nhlanhla Nene as finance minister and this week’s suspension of Tom Moyane as the South African Revenue Service (SARS) commissioner. These moves are likely to have helped stave off an investment ratings downgrade. Moyane’s removal from SARS is the first step towards rebuilding the tax agency and restoring public confidence in it. The permanent appointment of a commissioner will be key. While Mark Kingon has been appointed to act in the post, according to the SARS Act he can only do so for 90 days. Former deputy finance minister Mcebisi Jonas has been widely touted for the post, but that is not a certainty yet. Once a permanent commissioner is appointed, Mo...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.