CLEAN : S.Africa will not increase major taxes: finance minister

The video discusses changes in financial planning, focusing on date adjustments and revenue improvements without increasing taxes. It highlights the importance of maintaining sovereignty in dealings with international financial institutions like the IMF and World Bank. The video also addresses Eskom's financial challenges, suggesting the need for fiscal intervention and efficiency improvements.

Why was the date changed from March to February?

• To align with the fiscal year

• For better weather conditions

• Due to date redemptions

• To match international standards

What is the approach towards major taxes in the revenue improvement plan?

• Reduce personal and corporate income taxes

• Introduce new taxes

• Maintain current tax levels

• Increase all major taxes

What has been the historical stance on interactions with the World Bank and IMF?

• Complete reliance on their policies

• Jealously guarding national sovereignty

• Frequent policy changes

• Avoiding any interaction

What is suggested as necessary for Eskom to address its financial issues?

• Reducing operational hours

• Increasing electricity prices

• Hiring more staff

• Fiscal intervention and asset sales

What action is expected from Eskom to improve its financial situation?

• Expanding its workforce

• Increasing its debt

• Reducing customer base

• Implementing turnaround plans and efficiencies