Sofonea cuts budget by over M2 billion

Bereng Mpaki FINANCE minister Thabo Sofonea has slashed the 2020/2021 financial year budget estimates by over M2 billion after factoring in the negative impact of Covid-19 pandemic on tax revenue collection. Mr Sofonea on Thursday tabled amendments to the 2020/2021 budget estimates before the National Assembly, which duly approved them. Individual ministries are now presenting … Continue reading Sofonea cuts budget by over M2 billion