💨 Abstract

In the upcoming weeks, South Africans will face financial challenges due to a 0.5% increase in Value Added Tax (VAT) and a 12.74% increase in electricity prices. These changes are necessary to fund essential services and reduce national debt, as announced by Finance Minister Enoch Godongwana in his budget speech.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖