Pre-Budget Commentary

South Africa is in critical need of a concrete plan from Treasury for the 2020/21 financial year if it is to overcome its existing economic challenges. Unfortunately, the 2020 Budget Speech, set to be presented by South Africa's Minister of Finance Tito Mboweni on Wednesday, 26 February, is more likely to be an exercise of balancing Treasury's books, rather than presenting real solutions to the country. This is according to Bernard Sacks, Tax Partner at Mazars, an internationally integrated partnership, specialising in audit, accounting, tax and advisory services, who says that Minister Mboweni's priority this year will likely be to find more ways of cutting expenditure and squeezing more out of the taxpayer base... To further discuss this, David French, Tax Consulting Director at Mazars spoke to Channel Africa's Teddy Sibiya...