South Africa seeks tax boost as higher debt peak forecast
SOUTH Africa's finance minister will propose tax changes next year as part of an effort to stabilise public finances that are under strain from a drop in mining revenue, a mid-term budget review showed. The budget document presented to parliament projected wider deficits over the next three years and saw debt peaking at a higher level than in February when the main budget was tabled. Revenue collections in the current 2023/24 fiscal year were forecast to be 56.8 billion rand ($3.04 billion) below estimates in February. The National Treasury said it was committed to spending reductions, moderate tax measures and…