The South African government proposed a 2% VAT increase to address revenue shortfalls, a move opposed by the Democratic Alliance. This VAT hike is a key fiscal policy decision, expected to raise government revenue, but uncertainty surrounding the budget will remain for the next three weeks.
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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.
