Buoyant tax base estimates for the coming fiscal year made by the National Treasury in the 2022 budget suggest SA’s overall tax base has recovered strongly from the pandemic — though it’s not yet entirely back to 2019 levels.

On the other hand, the number of high-income earners has dropped over the past seven years, bearing out reports of a relentless exodus of skills and talent. This has worrying implications for the robustness of future consumer spending and tax collection, for growth and fiscal sustainability...

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.