South Africa’s Democratic Alliance (DA) has voiced strong opposition to any proposed tax increases, following reports that the finance ministry is considering additional levies to address the country’s fiscal challenges.
The DA, which is the second-largest party in the country’s coalition government, made its stance clear in a statement on Sunday, rejecting potential increases in personal income tax, corporate income tax, and value-added tax (VAT).
Reports from Johannesburg-based Sunday Times suggest that Finance Minister Enoch Godongwana may introduce tax hikes as part of efforts to offset revenue shortfalls and stabilize national debt.
However, the National Treasury has remained tight-lipped, citing the closed period ahead of Godongwana’s upcoming budget presentation on Wednesday.
“We are deeply concerned by reports indicating that tax increases may be tabled,” the DA stated, reaffirming its position against any additional tax burdens on individuals and businesses.
As the government grapples with fiscal pressures, the debate over taxation is expected to intensify, with stakeholders closely watching the finance minister’s next move.
