The Democratic Alliance, South Africa’s second-biggest party and a member of the country’s ruling coalition, rejected the imposition of any new taxes and called for spending cuts and reforms to accelerate economic growth to help stabilize the national budget.
ONE of the main parties in the coalition government has called on the administration to open the electricity supply sector, as load shedding returns to haunt South Africa.The advice of the Democratic Alliance (DA) comes as the restrictions were accelerated to Stage 6,
South Africa’s Democratic Alliance has proposed reforms to bolster economic growth and called for a spending review after it blocked a surprise plan to hike value-added tax, delaying the presentation of the annual budget.
The leader of the Democratic Alliance, the second-largest party in South Africa’s coalition government, will brief the media about its stance on the budget process amid reports the Treasury is about to raise taxes.
Officials say objections came from pro-business Democratic Alliance and senior figures in African National Congress
- In this photo provided by the South African Government Communication and Information System, (GCIS), South African Président Cyril Ramaphosa, right, greets opposition Democratic Alliance (DA) leader,
The Democratic Alliance, South Africa’s second-biggest party and a member of the country’s ruling coalition, rejected the imposition of any new taxes and called for spending cuts and reforms to accelerate economic growth to help stabilize the national budget.
South Africa’s Democratic Alliance has proposed reforms to bolster economic growth and called for a spending review after it blocked a surprise plan to hike value-added tax, delaying the presentation of the annual budget.
South Africa’s Democratic Alliance (DA) party said the 2025 budget was postponed on Wednesday due to its opposition to a 2-percentage-point increase in value-added tax (VAT) proposed by the African National Congress (ANC).
South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a dispute among parties in the governing coalition.
The Democratic Alliance (DA) has presented its own budget proposal that it claims will find extra money to fund government spending.
South African cabinet considered a proposal to introduce a wealth tax when it discussed amendments to last week’s postponed budget, Business Day reported, citing officials it didn’t identify. The cabinet met on Monday to consider changes to the budget after Finance Minister Enoch Godongwana had to delay his annual announcement because of a disagreement over a proposed increase in value-added tax.