Better tax take raises budget hopes

Economists expect that the shortfall will come in at no more than R280bn, and possibly as low as R230bn, thanks to the economy bouncing back strongly in the third quarter of last year

24 January 2021 - 00:09 By HILARY JOFFE and hilary joffe

Tax collections are holding up much better than the National Treasury’s gloomy October projections, raising the prospect that the government’s revenue shortfall may be smaller than expected when finance minister Tito Mboweni tables the budget next month — and that a vaccine tax might not be needed, economists say...

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.