💨 Abstract

South Africa's Finance Minister Enoch Godongwana has withdrawn the proposed 0.5% increase in Value-Added Tax (VAT). Essential food items, such as 19 food items including edible offal and specific cuts of meat, dairy liquid blend, and tinned or canned vegetables, will maintain price stability as they are VAT-exempt. The decision will have minimal impact on the prices of these core staples.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖