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Budget 2025 | Parties, unions warn against tax hikes

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Unions and political parties are warning against tax increases when Finance Minister Enoch Godongwana presents the budget.
The article from MSN discusses the upcoming 2025 Budget in South Africa, where political parties and trade unions have expressed strong opposition to potential tax increases. The Democratic Alliance (DA) has warned that any tax hikes would be detrimental to the economy, particularly affecting the middle class. Similarly, the Economic Freedom Fighters (EFF) and the South African Federation of Trade Unions (SAFTU) have criticized the government's approach, with SAFTU specifically calling for a reduction in Value Added Tax (VAT) to alleviate the financial burden on the poor. The Congress of South African Trade Unions (COSATU) has also voiced concerns, urging the government to focus on economic growth and job creation rather than increasing taxes. This collective resistance highlights the tension between fiscal policy and economic relief measures as the country navigates its economic recovery.

Read the Full MSN Article at:
[ https://www.msn.com/en-za/general/general/budget-2025-parties-unions-warn-against-tax-hikes/ar-AA1zkxhY ]