- EFF accuses National Treasury of replacing VAT increase with a fuel levy hike
- The decision was criticized during a joint meeting of finance and appropriation committees
- Finance Minister Enoch Godongwana announced the removal of the proposed VAT increase
- The general fuel levy will increase for the first time in three years
- Petrol will rise by 16 cents per litre and diesel by 15 cents per litre on 4 June
- EFF’s Omphile Maotwe argued the increase won’t generate significant revenue
- Treasury stated the fuel levy increase is inflation-linked, not for additional revenue generation
Source: ewn.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.
