VAT hike could lead to political turmoil, experts warn

Gcwalisile Khanyile

WHILE South Africans anxiously await to see if the Parliament will pass the Budget that has been labelled as “anti-poor” due to a proposed increase of 0.5% in value added tax (VAT), economic experts and political analysts revealed that failure to pass it could lead to a general election. According to economists, President Cyril Ramaphosa would face a vote of no confidence if the recently proposed Budget, which was tabled by Finance Minister Enoch Godongwana, is not approved by the Parliament. If the president does not receive enough votes, a general election will be called. According to them, this is because every nation requires a budget for the government to run smoothly and offer its citizens services. The Budget faces challenges due to opposition from political parties over tax measures.…

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Sunday Independent (Digital) - 1 Issue, 2025-03-23

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