South Africa National Budget Commentary

The 2020 South Africa's Budget Speech, delivered on Wednesday by Minister of Finance, Tito Mboweni, contained several pieces of good news for taxpayers. At the same time, the Minister has taken a bold step in committing government to curtailing spending, which may have far-reaching consequences if it fails. This is according to Mike Teuchert, National Head of Taxation at Mazars, an internationally integrated partnership, specialising in audit, accounting, tax and advisory services, who says that this year's Budget signals a fundamental shift in Governments approach. Channel Africa's Lebogang Mabange chats with Mike Teuchert.