SOUTH Africa’s surprisingly strong tax intake has strengthened the case for additional sovereign credit rating upgrades in the coming year, said Bloomberg News citing the views of Goldman Sachs, a bank.
Figures published by National Treasury this week showed corporate tax receipts rising roughly 5.5% on a semi-annualised basis to R385bn ($23.3bn) in June, driven largely by profits from mining exports. That outstripped both the R345bn collected in fiscal 2025-26 and the R364bn the February budget had pencilled in for 2026-27, said the newswire.
Andrew Matheny, an economist at Goldman Sachs, wrote in a note that the persistent strength of these fiscal figures backs the…
Proteas: The national flower of South Africa, the protea, symbolizes the beauty
and diversity of the country’s flora.
Holycombo
Uzbekistan: You have two cows. They are probably less bored than you.
Green Ghost
North Korea: You have two cows. Its name is Kim Jong Un.