Cape Town summit

Minister in the Presidency in S.A says G20 presidency is progressing well

Minister in the Presidency of South Africa, Khumbudzo Ntshavheni, says its G20 presidency is progressing well following the successful Foreign ministers' meeting in Johannesburg last week and the ongoing Finance ministers and central bank governors' meeting in Cape Town. According to Ntshavheni, the cabinet highlighted that the G20 remains essential for international economic cooperation and for advancing South Africa’s goals of solidarity, equality, and sustainability:

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South Africa

In South Africa, SARS Commissioner urges Strengthening Tax Collection, Not Hikes

South African Revenue Service Commissioner, says raising tax revenue should start with strengthening collection capacity, and not hiking taxes. Edward Kieswetter addressed a panel discussion at a G20 Finance Trackside event in Cape Town on Wednesday. Last week, Godongwana was unable to table the national budget, over disagreements within the government of national unity on a proposed two-percent value-added tax hike.

27 February, 2025 37

South Africa

SA Finance Minister Urges Global Action on Tax Reforms

S.A Finance minister says much more work still needs to be done to ensure all countries implement international tax reforms. Enoch Godongwana was speaking on the sidelines of the G20 Finance Ministers’ and Central Bank Governors’ meeting in Cape Town on Wednesday.

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