- South Africa’s National Treasury will present a revised budget to the cabinet on Monday.
- The revised budget proposes adjusting the revenue mix.
- The original plan to raise 191 billion rand over three years by increasing value-added tax was rejected by coalition government members.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
