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Cape Town - Hardly a day after Finance Minister Pravin Gordhan announced R6.5bn in tax relief, he warned that personal tax rates could rise in his next budget.
This would be necessary if the country failed to produce additional tax revenue from more sources by October this year, he told a breakfast session in Cape Town.
He asked taxpayers to stop begging for tax relief every time there was a problem, and to please leave some money for government.
Government promised to manage it better in future.
Gordhan emphasised that this was no time for massive tax relief.
In the 2009/10 fiscal year government had collected almost R70bn less than budgeted for, owing to the recession, and it had needed to borrow more than R177.7bn to fund its various programmes.
He asked every South African to speak passionately about the economy, and to make it part of daily conversation - like sport.
- Sake24.com
For more business news in Afrikaans, go to Sake24.com.