He added that South Africa had also had the first indications of the challenges government finance would be facing this year.
Figures for April released by the National Treasury showed government revenue from VAT was R2.2 billion less than in April last year.
Total revenue from tax was R1.7 billion less.
"Although the fact the Easter weekend was in April this year whereas it was in March last year could have played a role in the decline along with the general election, it is an early indication of the pressure that will be put on government revenue this year," Laubscher said.
from story on Business Report here
Did you like this article? Share it with your favourite social network.