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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.
So you couldn't catch the latest episode of Skeem Saam? Don't worry, we've got you covered. Be warned of spoilers!
Home Affairs Minister Aaron Motsoaledi has been accused of 'failing to secure South Africa's borders', after Pastor Bushiri fled the country.