The South African Reserve Bank needs to guide the market on how it is going to treat VAT increase in its inflation targeting approach.
A revenue shortfall of about R50 billion has pushed the South African government to hike Value Added Tax (VAT) among other taxes.
The South African budget speech echoed the theme of rebuilding set out by President Cyril Ramaphosa in his state of the nation address.
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it's ordinary people whose fingers will be burnt.
Seven charts on the highlights from the government's mid year update of the budget.
Unless the government is willing to increase taxes elsewhere to pay for tax cuts there will be longer-term costs for the budget and the economy. And younger Australians will wear these costs.
Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos. The country is living on borrowed time and borrowed money.
South Africa's 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
KPMG South Africa executives have set a new benchmark for the country assuming responsibility for wrongdoing in their organisation.
Could the 'magic money tree' have been right under our nose this whole time?
South Africa’s social compact is at breaking point and the country may need a dialogue similar to its 1994 political transition talks to get out of the crisis.
In his 2017/18 budget speech, South Africa's finance minister Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.
The decision to give former Eskom CEO, Brian Molefe, a seat in the country's parliament comes with the potential to cause great economic pain for South Africa.
With stalled economic growth and threats of credit rating downgrade, South Africa's 2017/18 budget will need to dig deep to foster recovery.
Investors have given Donald Trump the thumbs up, so far, but trader sentiment can't be guaranteed.
The GOP has a proposal on the table that could send shockwaves through the tax avoidance industry.
South Africa is breathing a sigh of relief after escaping a credit rating downgrade. But there are still serious concerns around structure of the country's economy and finances.
Hammond has taken an oddly similar stance to former shadow chancellor Ed Balls: running a deficit and boosting infrastructure spending.
South Africa's central bank should urgently insulate the rand from further financial chaos by imposing tighter exchange controls.
Scotland's numbers look far worse than the UK's.