Search

Treasury to again see a significant revenue shortfall by end of financial year

By Mike Teuchert, National Head of Taxation at Mazars
30 October 2019 • 1 min read

During the 2019 Medium-Term Budget Policy Statement, delivered on Wednesday 30 October, Minister of Finance, Tito Mboweni, confirmed that Treasury would once again see a significant revenue shortfall by the end of the financial year. With this year’s revenue gap predicted to be around R53 billion, the Minister’s report on the state of revenue collections has painted a grim picture of the years ahead for the fiscus. [more…]


Subscribe to our free newsletter

Stay at the forefront of financial advisory excellence with MoneyMarketing's weekly insights. As a professional adviser, you'll receive carefully curated content that enhances your practice and client relationships without cluttering your inbox. Our commitment to delivering only relevant, actionable intelligence helps you make informed decisions that drive your business forward. Join our community of leading financial professionals today and transform your practice with our complimentary newsletter—because your success is our priority.

 
Previous Article
MTBPS laden with rhetoric but short on spending cut details
Next Article
MTBPS confirms grim nature of fiscal challenge facing SA

Related articles