There is a new proposed tax increase for South Africans. The rampant government spending in South Africa is forcing the government to increase their taxes while the effectiveness is remaining the same. This increase is going to put increased pressure on a already poor country, in which 1% of the population pays 60% of the total taxes. This increase is going to put more people out jobs and casue significant decreases in wages and investment. For more information follow the link https://businesstech.co.za/news/finance/214459/this-proposed-tax-increase-could-spell-big-trouble-for-south-africa/