Finance Committee Report Recommends Vat, Tax Hike Alternatives

Parliaments Standing Committee on Finance has adopted its report on the fiscal framework that was tabled in Parliament by the Finance minister, Enoch Godongwana, last month.

The budget includes a zero-point-five percentage point VAT increase over the next two financial years.

The committee adopted the report with recommendations proposed by ActionSA, which includes that Treasury must be given 30 days to come up with alternatives to tax hikes.

The majority of the members of the committee - six out of 11 - voted in favor of this.

ActionSA MP, Allan Beesley explains his proposal.