Tag: fiscal responsibility
Fuel levy hike – consumers face heavier burden
We note the decision by the Minister of Finance to increase the fuel levy by 4% - 16 cents per litre for petrol and 15 cents for diesel. This increase will directly affect consumers. Transporters cannot absorb these additional costs without harming their bottom line and threatening business sustainability.
Upholding fiscal responsibility – a call for good governance
In the challenging economic circumstances that South Africa currently faces, the impact of fiscal responsibility – the balanced use of government spending and tax to influence the economy – on taxpayers, businesses, and the nation's overall economic well-being cannot be overstated.
