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Experts are also forecasting increases in the corporate tax rate as well as changes to the capital gains tax (CGT) rate.
South Africa is one of the hardest-hit countries in Africa with over 740,000 infections.
The country recorded 60 more virus-related deaths on Wednesday, bringing the death toll to 20,011.
[Nation] Peter Gatimu (not his real name) is a dejected man.
[Cosafa] Hosts South Africa claimed a fourth successive COSAFA Women's Championship title following a 2-1 victory over Botswana in the decider played at the Nelson Mandela Bay Stadium on Saturday.