The official opposition Democratic Alliance has written to Finance Minister Trevor Manuel urging him not to entertain extending windfall taxes beyond synfuels.
In a statement on Tuesday, DA finance spokesperson Ian Davidson said imposing windfall taxes "will hamper much needed investment into the resource industry sectors".
This follows a Business Day report that the task team set up by Manuel to investigate the issue of proposed windfall taxes in the synfuel industry had recommended a similar mechanism for the rest of the resource industry which may be earning excessive profits.
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