Finance Minister Enoch Godongwana says parties' proposals on how to generate revenue have merit. Politics
Build One South Africa (BOSA) leader Mmusi Maimane is optimistic that political parties can reach a “workable solution” regarding the national budget following a scheduled meeting with the African National Congress (ANC). He plans to present alternatives to the proposed 0.5% Value Added Tax (VAT) increase, aiming to generate approximately R120 billion in revenue without… Read More »Maimane Proposes Alternatives to VAT Increase in Budget Discussions with ANC The post Maimane Proposes Alternatives to VAT Increase in Budget Discussions with ANC first appeared on iAfrica. Politics
Opposition parties in the North West pledged to monitor proposed provincial Roads Agency... Politics
ActionSA has submitted a proposal to Finance Minister Enoch Godongwana, outlining strategies to generate R100 billion in additional government revenue without increasing the value-added tax (VAT). The party’s delegation met with the minister’s team on Saturday to discuss these alternative methods. With six seats in Parliament, ActionSA played a pivotal role in the recent approval of… Read More »ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT The post ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT first appeared on iAfrica. Politics
African National Congress (ANC) Secretary-General Fikile Mbalula has accused the Democratic Alliance (DA) of using the controversial 0.5% value-added tax (VAT) increase as a tool for political grandstanding. The VAT proposal has become a major sticking point between the two parties, after the DA refused to support the adoption of the fiscal framework in Parliament… Read More »Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU The post Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU first appeared on iAfrica. Politics
The proposal has been met with opposition, particularly from organisations representing residents. Economics