Brian Sokutu
Senior Print Journalist
3 minute read
20 Jan 2021
5:00 am

Tax increase ‘not an option’ for Covid-19 vaccine funding

Brian Sokutu

Selling ailing SOEs is one way of raising much-needed funds, says leading economist.

Finance Minister Tito Mboweni. Picture: GCIS

Cutting government wastage by selling off cash-guzzling state-owned enterprises (SOEs) should be among National Treasury’s options in raising funds to pay for Covid-19 vaccines – not an increase in the already overburdened household taxes, economists said on Tuesday. The warning by experts come ahead of next month’s budget speech by Finance Minister Tito Mboweni and a bold commitment by President Cyril Ramaphosa that National Treasury would find funds to pay for the countrywide roll-out of vaccines – expected to run into billions of rands. While Wits University academics have estimated the overall cost of all three phases of an inoculation...