South Africa's(SA) tax system is grappling with a troubling imbalance that experts say is unsustainable. The latest Tax Statistics report underscores the heavy concentration of the tax burden on a small segment of the population and corporations. In the 2023/24 fiscal year, South Africa collected approximately $116 billion in gross tax revenue, with personal income tax serving as a key contributor, bolstered by slight improvements in employment and earnings. However, a deeper look reveals a concerning disparity: just 1.6 million individuals-only 2.6% of the country's 64 million people-shoulder a significant share of the tax burden. To delve into this issue is Dr. Azar Jammine, Chief Economist at Econometrix

South Africa's(SA) tax system is grappling with a troubling imbalance that experts say is unsustainable. The latest Tax Statistics report underscores the heavy concentration of the tax burden on a small segment of the population and corporations. In the 2023/24 fiscal year, South Africa collected approximately $116 billion in gross tax revenue, with personal income tax serving as a key contributor, bolstered by slight improvements in employment and earnings. However, a deeper look reveals a concerning disparity: just 1.6 million individuals-only 2.6% of the country's 64 million people-shoulder a significant share of the tax burden. To delve into this issue is Dr. Azar Jammine, Chief Economist at Econometrix

Africa Rise & Shine

Experts concerned that SA's imbalanced tax system is unsustainable

With three -days into the New Year, South African Talent Strategist - Leadership Expert and Executive Coach Anja van Beek, has shared why people should ditch New Year's resolutions.  A 2024 study shows that less than a month into the new year, only 59 percent of people who made multiple resolutions had kept all of them. After that, the stick-to-it rate typically slides even more. van Beek spoke to Channel Africa News Reporter, Thuto Ngobeni on the steps to follow in order to ensure success by the end of the year.

With three -days into the New Year, South African Talent Strategist - Leadership Expert and Executive Coach Anja van Beek, has shared why people should ditch New Year's resolutions. &nbsp;A 2024 study shows that less than a month into the new year, only 59 percent of people who made multiple resolutions had kept all of them. After that, the stick-to-it rate typically slides even more. van Beek spoke to Channel Africa News Reporter, Thuto Ngobeni on the steps to follow in order to ensure success by the end of the year.

Why you should ditch New Year's resolutions

This week Burkina Faso's transitional parliament passed a law granting amnesty to soldiers accused of a coup attempt in 2015. This has been seen as an attempt to mend the country's turbulent past.To discuss the politics of Burkina Faso, Peter Ndoro spoke to Africa Analyst and Researcher, Kwezi Mngqibisa.

This week Burkina Faso's transitional parliament passed a law granting amnesty to soldiers accused of a coup attempt in 2015. This has been seen as an attempt to mend the country's turbulent past.To discuss the politics of Burkina Faso, Peter Ndoro spoke to Africa Analyst and Researcher, Kwezi Mngqibisa.

Burkina Faso's transitional parliament passed a law granting amnesty to soldiers accused of a coup attempt in 2015

The African Unite Borders Bus Trucks Association (AUBBTA) has raised concerns over the suspension of trucks and food supplies at the Lebombo border post between South Africa and Mozambique, warning of a looming humanitarian and economic crisis in the Southern African Development Community (SADC) region. The association has criticized delayed intervention by the SADC Chair and Mozambique's opposition, cautioning that these disruptions could trigger mass migration and destabilize neighboring countries. AUBBTA also condemned Zimbabwean authorities for confiscating goods from citizens crossing into South Africa and called on President Cyril Ramaphosa to uphold African trade agreements. To unpack these pressing issues,  AUBBTA Chairperson, Mukhwathi Phumudzo joined Peter Ndoro

The African Unite Borders Bus Trucks Association (AUBBTA) has raised concerns over the suspension of trucks and food supplies at the Lebombo border post between South Africa and Mozambique, warning of a looming humanitarian and economic crisis in the Southern African Development Community (SADC) region. The association has criticized delayed intervention by the SADC Chair and Mozambique's opposition, cautioning that these disruptions could trigger mass migration and destabilize neighboring countries. AUBBTA also condemned Zimbabwean authorities for confiscating goods from citizens crossing into South Africa and called on President Cyril Ramaphosa to uphold African trade agreements. To unpack these pressing issues, &nbsp;AUBBTA Chairperson, Mukhwathi Phumudzo joined Peter Ndoro

Experts concerned that SA's imbalanced tax system is unsustainable

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