Gigaba: Govt must ensure taxpayers’ money is used wisely

Finance Minister Malusi Gigaba says that government recognises that tax morality is closely linked to the reduction in corruption.

FILE: Finance Minister Malusi Gigaba. Picture: GCIS

JOHANNESBURG - Finance Minister Malusi Gigaba says that government recognises that tax morality is closely linked to the reduction in corruption.

Gigaba was speaking at the opening of the Tax Indaba in Sandton on Monday.

He told delegates that it’s often taken for granted that more than 26% of South Africans pay their taxes which helps to ensure the sovereignty of the country.

“The government needs to do its part in ensuring that the taxpayers’ money is used wisely and that efforts are taken to reduce wasteful expenditure.”

At the same time, Gigaba says that despite the gross domestic product (GDP) growth of 2.5% in the second quarter, much more needs to be done to grow the economy.

“Although the GDP growth projection of 1.3% remains at risk, we're increasingly optimistic that reasonable GDP performance may materialise in the coming quarters.”

(Edited by Zamangwane Shange)