Yesterday Rwanda's final budget for the 2020/21 fiscal year was read by the country's Minister of Finance and Economic Planning, Uzziel Ndagijimana. In it, an expected decrease in tax revenue was revealed, as well as the amounts allotted for developmental efforts, domestic production and the transportation sector among others. KPMG Rwanda Senior Tax Manager, Angello Musinguzi joins CNBC Africa for more.
Cosatu General Secretary, Bheki Ntshalintshali and Xhanti Payi, Economist & Lead Researcher at Nascence Advisory spoke CNBC Africa in light of Finmin Mboweni’s proposal to cut the state's wage bill by R160.2 billion over three years.
Minister of Finance Tito Mboweni has decided to cut the strained South African consumer some slack this year.