South Africa’s DA Warns of Poverty ‘Wasteland’ Without GDP Boost
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South Africa’s Democratic Alliance has proposed reforms to bolster economic growth and called for a spending review after it blocked a surprise plan to hike value-added tax, delaying the presentation of the annual budget.
While the National Treasury — overseen by Finance Minister Enoch Godongwana of the African National Congress — last week sought to increase VAT to 17% from 15% to help fund spending priorities, the second-largest political party objected and said the focus should be on growth-enhancing reforms.