News24 Business | 'It's a mess': VAT hike looms, but which foods will be zero-rated?

News24 Business | 'It's a mess': VAT hike looms, but which foods will be zero-rated?

While businesses are preparing for the VAT hike, retailers have said there is still uncertainty over which foods will be added to the zero-rated basket by 1 May.

Why South Africa’s VAT hike risks worsening poverty – The Mail & Guardian

Next month, South Africans will wake up to an increase in VAT — a policy decision that will reverberate through wallets, dinner tables and the very fabric of an already strained society. While the treasury argues that the hike is necessary to address a growing budget deficit, this move is less about responsible governance and more about avoiding hard truths.VAT, by design, is a regressive tax. It takes a greater percentage of income from the poo…

Scrapping VAT hike by 1 May not practically feasible — Songezo Zibi

After weeks of uncertainty about whether the VAT hike will take effect on 1 May, Rise Mzansi’s Songezo Zibi says ‘It’s more than likely’ that VAT will be increased next month.