SACP wants VAT increase to be reversed - report

The South African Communist Party (SACP) has warned that an increase in VAT may have implications for the African National Congress (ANC).

Finance Minister Malusi Gigaba announced the one percentage point hike in his Budget speech last week.

The move has been highly cirticised by opposition parties and labour organizations.

The SACP says it will push to have the decision reversed.

Eyewitness News reporter Clement Manyathela has more on the story.

They are unhappy about it. Just like the NEC called for government to consider other measures, so that you alleviate the pressure on the poor as a result of this VAT increase, they are also calling in government to do that.

Clement Manyathela, EWN political reporter

In fact they are saying that they are going to campaign very hard and push for government to reverse this decision come the medium-term budget.

Clement Manyathela, EWN political reporter

Click on the link below to listen to the full report....


This article first appeared on 702 : SACP wants VAT increase to be reversed - report


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
What does it take to reject a VAT increase in the budget?

What does it take to reject a VAT increase in the budget?

Leon Louw, from the Freedom Market Foundation explains how Parliament could reject the VAT increase.

Economic researcher slams anti-poor VAT hike

Economic researcher slams anti-poor VAT hike

The Money Show’s Bruce Whitfield interviews Wits economic researcher Gilad Isaacs.

'It is a tax that will hurt the poor hardest' #Budget2018

'It is a tax that will hurt the poor hardest' #Budget2018

CSID Research Programme Director Dr Gilad Isaacs says a VAT hike means almost every item purchased will be more expensive.

Political Desk: 'Finance minister did a bit of an ambulance job' #Budget2018

Political Desk: 'Finance minister did a bit of an ambulance job' #Budget2018

Director of the Rhodes Business School Professor Owen Skae explains why VAT a was logical decision but not a popular one.

[WATCH] Eusebius commends ANC's Carrim for his honesty about VAT reservations

[WATCH] Eusebius commends ANC's Carrim for his honesty about VAT reservations

ANC's Yunus Carim says an increase on VAT was not desirable and it is regressive.

[LISTEN] Gigaba deliberately misled the public - Zwelinzima Vavi

[LISTEN] Gigaba deliberately misled the public - Zwelinzima Vavi

Trade unions react to Malusi Gigaba's announcement of a one percentage point VAT increase for #Budget2018

'Government had no choice but to increase VAT'

'Government had no choice but to increase VAT'

Judge Dennis Davis says the increase was needed in order to make up the massive deficit in the national budget.

[LISTEN] Blade Nzimande says he is available to serve in Cabinet again

[LISTEN] Blade Nzimande says he is available to serve in Cabinet again

SACP leader Dr Blade Nzimande who was axed as Higher Education Minister by Jacob Zuma says he would serve under Cyril Ramaphosa.

The Political Desk: Cosatu, SACP believe Ramaphosa is wasting time

The Political Desk: Cosatu, SACP believe Ramaphosa is wasting time

Eyewitness News Political reporter Clement Manyathela gives the latest update in political news.

Popular articles
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

SANDF soldier arrested for robbery on trial for attempted murder

SANDF soldier arrested for robbery on trial for attempted murder

Operations chief, General Barney Hlatshwayo's personal driver was arrested on Tuesday.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.