The government has defended its decision to raise VAT by arguing that alternative revenue-raising measures, such as increasing corporate or personal income tax would do more harm than good.
Here are five other news stories making waves in South Africa today: ...
Briefly on MSN2h
"That's Not Bad": Mzansi Woman's Low Shein Customs Fee Sparks Reactions in South AfricaA South African woman showcased her surprisingly low Shein customs fee in a TikTok video. The clip sparked a massive buzz ...
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...
B udget announcements are rarely memorable events in South Africa. But the statement on March 12th by Enoch Godongwana, the ...
Leading political analyst Dr. Metji Makgoba criticises government's proposed VAT increase to 16%, arguing it reflects a ...
The South African on MSN22h
How a 0.5 percent point VAT increase will squeeze South AfricansA 0.5 percent point VAT increase may seem like a small adjustment, but even the tiniest hike puts pressure on an already unstable SA economy.
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