SAIT CEO

SAIT CEO: Finance Minister’s Hands Tied Amid Economic Doldrums

  • Economic Growth Constraints: Professor Keith Engel highlights limitations in Finance Minister Godongwana’s ability to stimulate growth, emphasizing the necessity of broader structural reforms beyond traditional fiscal measures.
  • Tax Expectations: Anticipations of significant tax changes ahead of the budget speech are tempered, with Engel predicting minimal adjustments, especially in an election year, while flagging potential implications for personal income tax thresholds.
  • NHI Concerns: The National Health Insurance (NHI) scheme emerges as a focal point, with Engel warning of potential risks to existing healthcare provisions amidst the quest for additional funding, underscoring the scheme’s political sensitivity and litigation prospects.

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