The Organisation Undoing Tax Abuse explained why South Africans paid less for petrol in 2008 even though oil was more expensive.
The Organisation Undoing Tax Abuse says finance minister Enoch Godongwana has no choice but to extend fuel price relief measures. This is despite the R1.50 fuel levy reduction costing government R2.7 to R2.8 billion each month.
Duvenage said he believes that Godongwana doesn’t have a choice but to extend the relief, adding that government should work to decrease its expenditure to make up for the revenue loss.“There was no reduction in the international oil price. In fact, it went slightly up. So, I don’t think he’s got a choice.”
“In this time, with the crisis that we are under, I think government has to find a way to reduce their cost by R2.7 to R2.8 billion a month.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa faces 16% petrol price jump in JuneSouth Africans face record high petrol prices in June as a subsidy to help motorists counter the impact of high crude costs exacerbated by Russia’s invasion of Ukraine comes to an end.
Read more »
South Africa faces another ‘incompetence tax’ – what you should knowThe South African Reserve Bank has flagged an upcoming Financial Action Task Force meeting as an emerging risk for the country, with the outcome important for how the rest of the financial world sees the country.
Read more »
Africa Day: It's time young minds take charge to lead Africa out of misery | The CitizenAfrica’s leaders are tired, old and moribund in their thinking.
Read more »
Africa Day: EFF calls for removal of the French presence in Africa | The CitizenThe party picketed in front of the French embassy and handed over a list of demands.
Read more »
What to expect from medical aid price hikes in South AfricaWhile private healthcare in South Africa is very competitive compared to the rest of the world, South Africans are still struggling with the rapid rise in costs, says Profmed chief executive Craig Comrie.
Read more »