Concern over the new taxes that will fund South Africa’s NHI

Johnatan56

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While Mboweni would not be drawn into responding to questions of how much the NHI is expected to cost, the National Treasury announced in its Medium-Term Budget Policy Statement last month that the health coverage roll-out will require an addition R33 billion annually from the 2025/26 financial year.


This would be in addition to the previous estimations contained in the Green and White Papers of 2011 and 2017 respectively, of R74 billion a year.
R110bn extra, don't worry, it's less than 10% more added to the R1.4tn they wanted to collect this year where they already had a R60bn shortfall.
 
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