- VAT increase decision is not final; alternatives are being explored
- National Treasury has 30 days to find other options to raise needed funds
- ANC President Ramaphosa spoke at a media briefing in Soweto
- National Working Committee tasked with discussing next steps for parties in Government of National Unity
- Unlikely that VAT increase will be scrapped, but proposals are being considered
- Treasury examining options to fill a gap of about R13.5 billion
- US imposed 31 percent tariffs on South African goods
- South Africa will respond thoughtfully, acknowledging US sovereignty
- South Africa examining the impact of US tariffs and will state its position responsibly
Source: sabcnews.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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