FINANCE minister Mthuli Ncube’s defence of the Intermediated Money Transfer Tax (IMTT) as an essential funding mechanism for infrastructure is, on the surface, fiscally sound. He argues that the tax has “kept us going as a country,” funding critical projects and government operations. Yet, this bigoted focus on revenue collection blinds the government to the…
IMTT needs a serious rethink

Finance minister Mthuli Ncube