Streaming issues? Report here
Deutsche Welle DW logo Deutsche Welle DW logo
DW Hour
00:00 - 01:00
volume_up
volume_mute

Up Next: Best of CapeTalk
See full line-up
DW Hour
00:00 - 01:00
Home
arrow_forward
Business

4 tax hikes taking effect from March will burden consumers further

28 February 2019 9:09 AM
Tags:
Expected tax increase
Automobile Association AA
tax increase
Layton Beard

The AA says the four tax increases would mean South Africans are expected to pay more on top of what they are already paying.

It seems South Africans will face tough times as four taxes are expected to be introduced between March and June, as stipulated in the 2019 Budget Speech.

Layton Beard, Spokeserson at Automobile Association explains the increases:

From March, all toll fees, including e-tolls, will be increasing.

From April, General Fuel Levy will increase by 5 cents per litre.

Road Accident Fund Levy will also increase by 15 cents per litre

In June, the Carbon Tax will be introduced, adding 9 cents per litre to the petrol price and 10 cents per litre for diesel.

He adds that in the 2019 tax year, tax brackets will not be adjusted, effectively presenting as a ‘hidden tax’.

Read: Fuel increase is going to result in "expenditure shift" - economist

It is really a combination of factors which I am afraid are going to be very severe for all consumers and not just road users.

Layton Beard, Spokesperson - Automobile Association

Even though the toll fees are increasing in line with inflation, the bottom line is a lot of people have not seen salary increases in a couple of years and if they do receive increases, those increases are also in line with inflation.

Layton Beard, Spokesperson - Automobile Association

The bottom line is people are going to be paying more even if they are in line with inflation.

Layton Beard, Spokesperson - Automobile Association

Beard says they are concerned that consumers are already struggling financially, and these taxes means that people are going to be struggling even more.

We would have liked to see a reduction in the levies. We would've liked to not see an introduction in carbon taxes.

Layton Beard, Spokesperson - Automobile Association

And when it comes to toll fees we would've loved to see more engagement with the public not only because of what is happening in Gauteng but in terms of e-tolls generally.

Layton Beard, Spokesperson - Automobile Association

Beard argues that fuel tax is an easy target for government when it needs to collect money.

To hear the rest of the conversation, listen below:


28 February 2019 9:09 AM
Tags:
Expected tax increase
Automobile Association AA
tax increase
Layton Beard

More from Business

car-agreementjpg

Wheels come off for YapYap clients (recall the 'new car for R699 a month' guy?)

23 September 2020 8:00 PM

The originator of the scheme is the man behind the 'Drive a new car for R699 a month' fiasco years back, warns Wendy Knowler.

Share this:
Read More arrow_forward

wedding-mask-couple-Covid-19-123rf

Planning a wedding? Remember booking a bigger space for less people, costs more

23 September 2020 7:42 PM

Level 1 rules helping but also hindering the wedding industry. Get cost-saving tips from Precious Thamaga (Precious the Planner).

Share this:
Read More arrow_forward

factory-production-manufacturejpg

SA economy: 'Manufacturing remains an engine of growth and must be prioritised'

23 September 2020 6:53 PM

The sector is at a tipping point. Arabile Gumede interviews Philippa Rodseth from industry body, the Manufacturing Circle.

Share this:
Read More arrow_forward

consumer-goods-groceries-shopping-slip-receipt-price-food-inflation-123rf

'Wholesale food prices are coming down. Retailers still charge lockdown prices'

23 September 2020 3:29 PM

"Retailers were quick to hike prices but slow to lower them,” says the Competition Commission. "There’s a history of this."

Share this:
Read More arrow_forward

international-travel-tourism-airport-borders-flight-destination-tourist-123rf

Long queues at Home Affairs: skip them by visiting any of these 4 bank branches

23 September 2020 11:08 AM

Need a passport? Home Affairs is now operating fully, but it’s inundated. Check this out before trying your luck.

Share this:
Read More arrow_forward

bmw-adpng

BMW pays tribute to SA fave 'Gusheshe' (325is) with limited edition 3 series

22 September 2020 8:19 PM

BMW releases an 'ode' to an iconic earlier model. The ad reflects local culture, says Sizakele Marutlulle (Marutlulle and Co).

Share this:
Read More arrow_forward

Pouring red wine from bottle into glass with wooden wine casks winemaking 123rf

Leading liquor distributor DGB (Boschendal, Douglas Green) sells majority stake

22 September 2020 7:29 PM

Capitalworks and former DGB CEO Tim Hutchinson acquire majority shareholding. Hutchinson gives details on The Money Show.

Share this:
Read More arrow_forward

Corruption money bribes 123rf

More whistleblowers report corruption during pandemic, police top the list

22 September 2020 6:43 PM

Corruption Watch has released its 2020 report on corruption trends. Arabile Gumede interviews CW's Kavisha Pillay.

Share this:
Read More arrow_forward

1500x1500-thumbnailjpg

Using data to understand the customer of the future

22 September 2020 3:54 PM

2020 has forcefully disrupted many consumers, and left traditional consumer-facing businesses having to re-assess and re-configure.

Share this:
Read More arrow_forward

Gavel of judge in law court legal 123rflegal 123rf

'Xolobeni judgment a victory for all mining affected communities across SA'

22 September 2020 1:02 PM

Secretary at Amadiba Crisis Committee Nonhle Mbuthuma

Share this:
Read More arrow_forward