South Africa's Revenue Crisis | Treasury Report shows middle-class taxpayers at breaking point

By Lungelo Ngongoma | Published Mar 31, 2025

South Africa faces a critical revenue collection crisis as a new National Treasury report reveals middle-class taxpayers have reached their financial limits. The report shows a 16% increase in millionaire taxpayers while warning that the growing disparity between tax burden and public service delivery is unsustainable. Economist Fatsani Banda cautions that without immediate fiscal discipline and anti-corruption measures, economic stability is at serious risk.