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#Post#: 90--------------------------------------------------
Relocating to Cape Town? It could be expensive ...
By: Hawk Date: March 29, 2018, 3:32 pm
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SOURCE : Times Live
HTML https://www.timeslive.co.za/news/south-africa/2018-03-29-relocating-to-cape-town-it-could-be-expensive-/
Relocating to Cape Town? It could be expensive ...
[img]
HTML https://lh3.googleusercontent.com/3oaEW3uhL9Jtg8vWJxBDKMkIHdp1l7dc7WRJAqqStyQbgJuK1pYRB5GtVw7TzJlxuY3eTQwegJTMLRK8OErUzQ=s750[/img]
Cape Town may be a sought-after holiday destination but it is
becoming a taxing affair deciding whether to live in the Mother
City.
Residents are facing a double-whammy rise in the cost of living‚
over and above other increases that will dent family budgets
across the country.
South Africans are still coming to grips with a national fuel
levy hike of 52c a litre‚ more electricity tariff increases and
a hike in the VAT rate.
Capetonians have now discovered that the price they pay for
water is likely to double in the next two years‚ despite
residents having gone to great lengths to slash water use
because of a crippling drought.
The city’s draft budget‚ tabled on Wednesday‚ proposes a 27%
rise in water tariffs from July 1‚ a 30.45% increase in 2019 and
a 22% rise in 2020/21.
Xanthea Limberg
HTML http://www.capetown.gov.za/Family%20and%20home/meet-the-city/city-council/find-your-councillor-ward-or-subcouncil/view-councillor?CouncillorId=8354‚<br
/>mayoral committee member for water‚ waste and energy‚ said whi
le
consumers had cut back on water use‚ revenue collection had also
dropped. Additional funds would also be needed to augment the
city’s water supply.
And while residents were spared the controversial toll road
drama that unfolded on highways in Johannesburg‚ they will not
be able to dodge – if the provincial government gets its way –
having to shell out more cash to pay for the upkeep of roads in
the Western Cape.
The provincial government is considering the introduction of a
provincial fuel levy – over and above the recently announced
national fuel levy.
The Organisation Undoing Tax Abuse (Outa) warned that such a
levy would have dire consequences for residents.
“The mere mention of an investigation into provincial fuel
levies cannot and should not be tolerated‚” said Rudie Heyneke‚
Outa’s transport portfolio manager.
“Taxes and levies already make up an above-average portion of
the existing fuel price. Any special tax introduced‚ approved
and implemented gives government a foot in the door and
increases on these are then just a matter of time‚” said
Heyneke.
Outa said the national fuel levies were increased by a total of
52c a litre earlier in 2018. The total general fuel levy and
Road Accident Fund (RAF) levy stands at R5.30 a litre of
93-octane petrol. “To fill up a 60l tank‚ motorists will pay
R318 in fuel levies.”
The proposal has also been rejected by the provincial ANC‚ which
warned that transport costs would rise as well as the cost of
food.
“This extra price shock on top of the most expensive of all
provincial vehicle licence tax fees in the country. Together
with all sorts of parking fees‚ fines and tolls‚ this additional
fuel tax will punish travellers and poor commuters most‚” said
the party’s provincial finance spokesperson‚ Carol Beerwinkel.
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