When the Zondo commission of inquiry into state capture embarks on its public hearings, one person who is sure to be called to testify is Finance Minister Malusi Gigaba. That is just one of the reasons why Gigaba cannot be retained in this crucial post in the new administration of President Cyril Ramaphosa. But whether Wednesday’s budget is presented by Gigaba or a brand-new minister, the important thing will be to look through the noise and the probably rather dire fiscal year to the three years of the medium-term framework. Ramaphosa has undertaken to set up a judicial commission of inquiry into tax administration shortly, and that should provide the basis for a clean-up at the South African Revenue Service (SARS) that will improve its effectiveness in collecting taxes. We can assume too that SARS commissioner Tom Moyane will not last long in his post. And while revenue collection will not start to recover fully until the economy stages a more robust recovery, turnarounds in tax a...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.