Democratic Alliance leader Mmusi Maimane has told his members that the increase of Value Added Tax is the ANC’s way of making the poor pay for their mistakes and for looting State funds.
Maimane was addressing more than 100 members of the DA who marched to Treasury in Pretoria yesterday in an attempt to oppose the suggested VAT increase by former Minister of Finance Malusi Gigaba.
The VAT increase from 14% to 15% will come into effect next month.
The opposition leader said the VAT increase will target people who spend by far the biggest part of their income on food and transport.
He said the government can generate additional revenue by selling off some of the State-Owned Enterprises (SOEs) and cutting down the bloated Cabinet.