
The budget presented by the South African Minister of Finance, Enoch Godongwana, provoked contrasting reactions. A personal income tax increase is planned to plug a R15 billion shortfall, while a global minimum corporate tax will be implemented. Despite discussions around an increase in VAT, no modification of tax brackets is envisaged, to guarantee a more equitable distribution of tax burdens. Higher taxes on certain products and environmental taxes are also planned. This budget raises questions about its long-term impact on the South African economy and society.