Increase In Vat Will Over-burden Struggling Households: Economists

Some economists say the increase in Value Added Tax VAT will over-burden already struggling households.
Finance Minister Enoch Godongwana announced a 1 percentage point VAT hike over two years with the first increase of half a percentage point expected in May.
Another increase will be implemented in April next year.
Budget Speech 2025
Independent Economist Ntombi Mbele-Thomo says, National Treasury should have looked at other avenues to raise funds rather than going directly to South African pockets.
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