20°C / 22°C
  • Tue
  • 23°C
  • 9°C
  • Wed
  • 20°C
  • 6°C
  • Thu
  • 23°C
  • 6°C
  • Fri
  • 25°C
  • 9°C
  • Sat
  • 24°C
  • 8°C
  • Sun
  • 25°C
  • 9°C
  • Tue
  • 18°C
  • 10°C
  • Wed
  • 25°C
  • 9°C
  • Thu
  • 19°C
  • 12°C
  • Fri
  • 19°C
  • 12°C
  • Sat
  • 20°C
  • 9°C
  • Sun
  • 18°C
  • 11°C
  • Tue
  • 24°C
  • 10°C
  • Wed
  • 21°C
  • 8°C
  • Thu
  • 25°C
  • 8°C
  • Fri
  • 27°C
  • 8°C
  • Sat
  • 26°C
  • 9°C
  • Sun
  • 25°C
  • 8°C
  • Tue
  • 23°C
  • 8°C
  • Wed
  • 22°C
  • 7°C
  • Thu
  • 24°C
  • 7°C
  • Fri
  • 25°C
  • 6°C
  • Sat
  • 26°C
  • 7°C
  • Sun
  • 27°C
  • 8°C
  • Tue
  • 21°C
  • 14°C
  • Wed
  • 21°C
  • 14°C
  • Thu
  • 24°C
  • 14°C
  • Fri
  • 24°C
  • 14°C
  • Sat
  • 26°C
  • 14°C
  • Sun
  • 25°C
  • 17°C
  • Tue
  • 18°C
  • 11°C
  • Wed
  • 19°C
  • 9°C
  • Thu
  • 24°C
  • 13°C
  • Fri
  • 18°C
  • 12°C
  • Sat
  • 21°C
  • 13°C
  • Sun
  • 26°C
  • 13°C
  • Tue
  • 22°C
  • 6°C
  • Wed
  • 27°C
  • 9°C
  • Thu
  • 23°C
  • 10°C
  • Fri
  • 23°C
  • 9°C
  • Sat
  • 23°C
  • 13°C
  • Sun
  • 19°C
  • 9°C
  • Tue
  • 20°C
  • 10°C
  • Wed
  • 23°C
  • 13°C
  • Thu
  • 20°C
  • 12°C
  • Fri
  • 20°C
  • 11°C
  • Sat
  • 21°C
  • 13°C
  • Sun
  • 17°C
  • 11°C
  • Tue
  • 26°C
  • 12°C
  • Wed
  • 23°C
  • 10°C
  • Thu
  • 26°C
  • 9°C
  • Fri
  • 27°C
  • 9°C
  • Sat
  • 26°C
  • 10°C
  • Sun
  • 26°C
  • 10°C
  • Tue
  • 21°C
  • 5°C
  • Wed
  • 22°C
  • 5°C
  • Thu
  • 24°C
  • 5°C
  • Fri
  • 25°C
  • 5°C
  • Sat
  • 24°C
  • 5°C
  • Sun
  • 25°C
  • 9°C
  • Tue
  • 19°C
  • 10°C
  • Wed
  • 21°C
  • 11°C
  • Thu
  • 22°C
  • 9°C
  • Fri
  • 25°C
  • 6°C
  • Sat
  • 26°C
  • 7°C
  • Sun
  • 29°C
  • 6°C
  • Tue
  • 18°C
  • 6°C
  • Wed
  • 23°C
  • 8°C
  • Thu
  • 24°C
  • 11°C
  • Fri
  • 19°C
  • 10°C
  • Sat
  • 23°C
  • 10°C
  • Sun
  • 26°C
  • 11°C

SA expects lower tax revenues, higher borrowing this year – Mboweni

South Africa’s 2019/20 tax revenues could be “significantly lower” than budgeted for and it may need to borrow more than planned, Finance Minister Tito Mboweni said on Tuesday.

FILE: Finance Minister Tito Mboweni. Picture: GCIS

CAPE TOWN – South Africa’s 2019/20 tax revenues could be “significantly lower” than budgeted for and it may need to borrow more than planned, Finance Minister Tito Mboweni said on Tuesday, also citing the cost of support for struggling power utility Eskom.

“This could substantially increase the government’s borrowing requirements for 2019/20, which will require the government to revise its funding strategy and current weekly bond issuance at levels beyond what we had planned,” Mboweni told Parliament on Tuesday.

Comments

EWN welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

- Racism (including offensive comments based on ethnicity and nationality)
- Sexism
- Homophobia
- Religious intolerance
- Cyber bullying
- Hate speech
- Derogatory language
- Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the EWN community a safe and welcoming space for all.

EWN reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

EWN is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

comments powered by Disqus