- Economist Azar Jammine predicts that the South African government may have to increase VAT.
- South Africans are already struggling with rising inflation, interest rates, and stagnant salaries.
- Consumer spending is starting to take strain due to these factors.
- The rise in interest rates has led to consumers taking on more credit.
- Increasing VAT may be a way for the government to address the economic challenges.
Source: enca.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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