CAPE TOWN - The South African Revenue Services is predicted to have collected R70 billion more than what was forecasted in revenue.
That is a huge windfall in a country experiencing a cost of living crisis. The windfall is said to be from an increase in gold and metal prices.
This means government will not have to increases taxes in a while.
According to the Institute for Economic Justice says South Africa 's economy is characterised by growing levels of debt to GDP levels, in which the debt is higher than our GDP.
According to the Institute's Liso Mdutyana the interest which the South Africa pays is higher compared to other countries.