The Democratic Alliance has launched a petition opposing the Finance Ministers recent announcement that valued added tax (VAT) would increase from 14% to 15%.
The DA leader Mmusi Maimane will launch the petition today in Soshanguve. The DA claims that the VAT increase is anti-poor and not the only option available to the Treasury.
Maimane believes that the increase will harm those least able to afford an increase, namely the poor and unemployed. His spokesperson Portia Adams had this to say:
“The increase along with the fuel levy will cause an increase in food and transport prices for all South Africans. The ANC cannot make the poor pay for their looting.”
Briefly.co.za learned that Malusi Gigaba delivered his budget speech for 2018/2019. In addition to the VAT increase, he proposed a fuel levy increase of 52 cents according to ewn.co.za.
The Treasury needed to close the tax revenue shortfall of R50-billion and find another R50-billion to pay for free higher education.
Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.
To stay up to date with the latest news, download our news app on Google Play or iTunes today.