South Africa’s latest government revenue and expenditure data surprised on the upside, suggesting the country may stay on track to achieve fiscal consolidation this year despite sluggish economic growth.
This is according to Stanlib Chief Economist Kevin Lings, who noted that South Africa’s National Treasury’s data on government revenue and expenditure was better than expected.
A detailed breakdown of the tax revenue data reveals that individual income tax has risen by a respectable 8.4% y/y in the first five months of the tax…
Mining Industry: South Africa is one of the world’s leading mining countries, rich
in minerals like gold, platinum, and diamonds.

Lil Rebel Ma
Kuwait: You have two cows. They each have a diamond-studded mercedes-benz.
kawaii red
Fun South African Fact: The national animal of South Africa is the Springbok, the only southern African gazelle.