R45 billion win for South Africa

South Africa’s government has increased its expenditure for the remainder of the year by R45.5 billion, due to increased revenue.In the Medium-Term Budget Policy Statement (MTBPS), Finance Minister Enoch Godongwana said government revenue had been higher than initially anticipated.Godongwana said the revenue outlook had increased largely due to higher collections from corporate taxes, dividend tax and Value-Added Tax (VAT).“Gross tax revenue for this year has been revised upwards by R17.1 billion compared