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International Business Times

Business

Saawmiet MOOS, with Umberto BACCHI in Pretoria

South Africa Hikes Taxes And Social Spending Before Vote

South Africa Enoch Godongwana Africa ANC Cyril Ramaphosa

Hundreds of people protest outside the South African parliament as the ANC government unveiled its budget plans (Credit: AFP)

South Africa plans to hike taxes and increase spending on social grants ahead of a general election in May amid sluggish growth and high debt, the government said on Wednesday.

The treasury announced increases in income tax as well as alcohol and cigarettes duties as part of a national budget unveiled a day after President Cyril Ramaphosa announced general elections on May 29.

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