Johannesburg- South Africans should brace themselves for an increase in personal income tax when Finance Minister Pravin Gordhan delivers his budget speech, PricewaterhouseCoopers has warned.
"We expect an increase in income tax rates by 1% across the board with the exception of the lowest band to spread the burden," Tax Policy leader Kyle Mandy told reporters in Johannesburg on Tuesday.
"That will raise an additional R10bn. It will be a fiscal address that will give the South African Revenue Services the required relief."