- BOSA leader Mmusi Maimane attributes South Africa’s fiscal challenges to governance failures, not just tax issues.
- Maimane emphasizes the need for a sustainable and responsible budget to address economic challenges.
- The proposed VAT increase is seen as a symptom of a deeper crisis involving government inefficiency and corruption.
- BOSA’s support for the budget is conditional on reversing the VAT increase and addressing income tax bracket creep.
- BOSA calls for a full review of government expenditure and a national Growth Charter to boost jobs and investment.
- Maimane criticizes other political parties for self-serving opposition to the budget process.
- He clarifies that global volatility, not local politics, is the primary driver of the rand’s decline.
- BOSA proposes measures to save over R180 billion, including a sin tax on online gambling and cuts to state-owned enterprise bailouts.
- Maimane stresses the issue is a governance problem, not a tax problem.
Source: thestar.co.za
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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