💨 Abstract

ANC Secretary-General Fikile Mbalula indicates that the recent 0.5% VAT increase won't be permanent and could be reduced when the economy improves. Discussions with government partners have stalled, but Mbalula is confident a resolution will be reached. The VAT hike to 16% by 2026/27 fiscal year was announced last month and has been rejected by most political parties.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖