KHAYA SITHOLE: Fuel levy is short-term fix for narrowing fiscal pendulum
Levy adjustment is a catch-up exercise, to detriment of citizens
05 June 2025 - 05:00
Over the next couple of days finance minister Enoch Godongwana’s political fix for the national fiscal crisis will come into effect. The increase in the fuel levy was announced in the budget 3.0 proposal, which seeks to deal with two complementary issues. The first reason sounds sensible enough.
In the aftermath of the Russian invasion of Ukraine in 2022, back when the ANC still had the ability to unilaterally pass budgets, Godongwana decided to announce a temporary reduction in the levy in response to the extraordinary spike in fuel prices. ..
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