Johannesburg, 16 February 2024 – Seventeen years is a long time to be in a state of crisis. With load shedding starting in 2007 and no end in sight, the question is where to from here? Lisa Kahanovitz, Project Director: Tax Advocacy at the South African Institute of Chartered Accountants, takes a closer look.

Johannesburg, 16 February 2024 - An efficient, effective and reliable transport and logistics infrastructure is essential for ensuring economic growth. So much so that the Government, in the 2023 Budget, advised of several reforms aimed at improving the performance of the transport sector, which of course includes the transportation of South African citizens to and from work. As such, R53,2 billion was allocated to support the provision of affordable public transport (and a further R59 billion estimated for the following year). Nomvula Masehla, Project Director: Tax at the South African Institute of Chartered Accountants, believes one such area of passenger transportation in need of urgent revival is the passenger rail transportation system.

Johannesburg, 16 February 2024 – Very soon all eyes will be on Finance Minister Enoch Godongwana as he delivers his Budget Speech in Parliament on 21 February 2024.

The big question is of course whether the Minister of Finance will possibly give some tax relief considering that he will need to balance Government expenses and Revenue collections.