The National Treasury confirmed that it is actively investigating the “number of potential implications” of limiting or entirely removing medical tax credits. Proponents have long proposed this move as a key mechanism for raising funds for the government’s sweeping National Health Insurance (NHI) scheme. In a brief statement, the Treasury acknowledged it “had engagements with the Health Department” on the…
Tag: Taxation
-
New NHI Taxes Timeline Suggests Delay Until 2033
The government may not need to introduce new taxes to finance the National Health Insurance (NHI) scheme for another decade. This is according to a presentation by the Department of Health to Parliament. The department’s deputy director-general for NHI, Nicholas Crisp, sketched a 15-year phased funding model. This suggests that new tax levies would only commence around 2033/34. New NHI…
-
Sin Taxes: A Strategy for Health Improvement in Africa
Academics from the University of Cape Town (UCT) are championing the greater use of health taxes on products like tobacco, alcohol, and soft drinks. Experts see these taxes as a powerful dual-purpose tool for African nations. A new report argues that such measures, often referred to as sin taxes, can significantly curb consumption. They can reduce premature deaths and illnesses,…
-
NHI Dream and the Future of Healthcare Funding
The NHI dream of universal health coverage for all South Africans through the National Health Insurance (NHI) scheme is facing a harsh economic reality. Political parties are grappling with a deadlocked 2025/26 national budget. The significant financial challenges required to implement the NHI dream have become increasingly evident. This has cast doubt on its feasibility in the current environment. Staggering…