insert_link Business / Economics South Africa faces R800 billion debt repayment challenge South Africa’s Finance Minister Enoch Godongwana (Reuters/Shelley Christians) South Africa could face a financial challenge as debt servicing costs are projected to consume up to 30% of the country’s tax revenue by 2030, according to the International Monetary Fund (IMF). The IMF estimates that South Africa may need to spend as much as R800 billion on debt repayments within the next seven years, exposing a growing strain on the country's […] today19 May, 2025
insert_link 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. today27 February, 2025
insert_link Business / Economics Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […] today26 February, 2025
insert_link Namibia NamRa collects N$21.4 billion in Q2 revenue The Namibia Revenue Agency has collected N$21.4 billion in revenue during the quarter ending 30 June 2024, representing 25.1% of the N$85.3 billion annual revenue target. NamRA's Commissioner and CEO, Sam Shivute, said that domestic taxes were the main contributor, generating N$13.5 billion or 63% of the total revenue. According to The Brief, the remaining N$7.9 billion was derived from customs and excise duties, primarily through SACU receipts. today5 August, 2024
