Cosatu First To Oppose Vat Increase In Parliament's Budget Hearings

The Congress of South African Trade Unions Cosatu was the first organisation at the public hearings on the 2025 budget today to call for the removal of Value-Added Tax VAT hikes.

Parliaments Joint meeting of the Standing Committee on Finance and Select Committee on Finance are hosting public hearings on the budget that was tabled by Finance Minister Enoch Godongwana earlier this month.

The February tabling of the budget was postponed due to disagreement among Government of National Unity GNU members, including the African National Congress ANC, over a proposed 2 percentage point VAT increase.

The consequent budget was tabled with a 1 point increase over two financial years.

Cosatus Parliamentary Coordinator Matthew Parks has called for its removal.