Godongwana Plays Down Big Tax Changes in South Africa Budget

South African Finance Minister Enoch Godongwana ruled out any major tax changes in next month’s budget and stressed the importance of keeping fiscal consolidation on track.

“It’s not something we intend — making major, substantial” tax changes in the Feb. 25 budget, Godongwana told Bloomberg Television in an interview at the World Economic Forum in Davos, Switzerland on Friday.