South Africa, VAT and budget
What a 2% VAT hike would mean for the average consumer in South Africa
For the time being, South Africans can breathe a little easier, as the 2% increase would have a short-term negative impact, particularly because VAT applies to most goods and services, raising their costs and putting additional strain on consumers' wallets, he adds.
The important question in a democratic setting is who gets to pay taxes and how they connect to the well-being of its ...
Rural pensioners surviving on R2,190 monthly grants warn that Treasury's proposed 2% VAT increase would devastate their ...
Poor and middle class consumer will bear the brunt if VAT is increased by 2% on 12 March. Economists warn consumers are ...
In this latest edition of the Sunday Show, Neil de Beer slams ESKOM’s farcical explanation for how the country was plunged into Stage 6.
The government is struggling to generate sufficient revenue development and deal with the country's debt-to-GDP ratio ...
The South African on MSN2d
‘VAT gaan aan?’ : Nando’s pokes fun at 2% VAT increase failNando's is adding their 'two cents' on the Minister of Finance's failure to implement a 2% VAT increase in his budget speech ...
Godongwana flagged plans to hike value-added tax, without saying it would raise the rate by two percentage points to 17%.
The question is whether South Africa can afford the consequences of continuing to do so. The VAT hike is just the beginning. Unless urgent reforms take place, the real crisis is yet to come.
South Africa's rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the ...
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