Budget 2021

WATCH: South Africans suggest alternatives to tax hikes

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town - South Africans await with great anticipation Finance Minister Pravin Gordhan's National Budget Speech to be delivered on Wednesday as he's expected to announce among other things, both direct and indirect tax increases.

Fin24 asked people in Cape Town and Johannesburg to share their views on possible increases in the value added tax (VAT), sin taxes and the fuel levy, as well as the implementation of the newly proposed sugar tax.

The responses were diverse, with one South African calling for a wealth tax instead of a VAT hike as it will hit the working class and the poor the hardest, while another citizen called for a pause in tax increases  because of the mismanaging the funds.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.75
-1.0%
Rand - Pound
20.26
+0.1%
Rand - Euro
17.29
+0.2%
Rand - Aus dollar
10.72
+0.1%
Rand - Yen
0.13
+0.1%
Gold
1,754.62
0.0%
Silver
22.41
0.0%
Palladium
2,019.00
0.0%
Platinum
944.00
0.0%
Brent Crude
75.34
-0.4%
Top 40
56,605
-0.9%
All Share
62,864
-0.7%
Resource 10
56,497
-3.9%
Industrial 25
81,170
+1.0%
Financial 15
14,018
+0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
What potential restrictions on unvaccinated South Africans may make the biggest difference to public health, the economy?
Please select an option Oops! Something went wrong, please try again later.
Results
Limited access to restaurants and bars
9% - 42 votes
Limited access to shopping centres
17% - 81 votes
Limited access to live events, including sport matches and festivals
28% - 132 votes
Workplace vaccine mandates
46% - 215 votes
Vote