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NOTICE: DA To march In CBD Against VAT Increase On Tuesday

DA Leader, Mmusi Maimane

The DA’s march against will take the route below.
The DA is expected to hold a march on Tuesday against the VAT increase.

The increase was announced by former finance minister Malusi Gigaba during the 2018 budget speech in parliament last month.

On 1 April 2018 the increase will see VAT rise by 1 percentage point to 15 percent.

Gigaba said the increase, the last of which took place 25 years ago, would add about R22.9 billion to the fiscus.

DA leader Mmusi Maimane said: “This increase in VAT will hit the pockets of all South Africans, especially the poor and unemployed as food and transport costs will skyrocket. Instead of increasing VAT, the government should have chosen the DA’s alternative, which would have freed up R112 billion by cutting wasteful spending,” he said.

Maimane said the newly-appointed minister of finance Nhlanhla Nene should reverse the increase.

The marchers were expected to gather at the old Putco depot in Marabastad at 08:00 and proceed to the national treasury department, said Tshwane metro police spokesperson Nonhlanhla Mgiba.

Mgiba said streets that would be affected were Cowie, Kgosi Mampuru and Bosman.

“The marchers are expected to hand over a memorandum at 12:30 and disperse from the department of national treasury at 13:00,” she said.

TMPD officers would be deployed to monitor the march.

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Written by GR

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