Can BOSA’s budget proposals save South Africa from a VAT increase?

BUILD One South Africa (BOSA) leader, Mmusi Maimane, has outlined his party’s stance on the country’s fiscal crisis, stressing that the budget impasse goes far beyond a potential VAT increase.

- HOPE NTANZI

Maimane alongside Deputy Leader Nobuntu Mazeka-Webster, emphasised the need for a sustainable and responsive budget to address South Africa’s economic challenges.

Maimane made it clear that while the proposed VAT increase was a symptom of a deeper crisis, the real issue lies in government’s “incapable unit of direction, incapable of stimulating economic growth, and struggling with corruption”.

“South Africa is in this fiscal hole because this government is taking unity of direction, unable to grow the economy or create jobs at the scale required,” he said.

He stressed that unless this fundamental issue is addressed, the country would face another fiscal shortfall next year, with government scrambling for cash.