How deep are your pockets?

VAT hike will hit hard, but political fight over budget not over

Despite opposition, finance minister Enoch Godongwana tabled a budget on Wednesday that was set to hit SA households hard, proposing a 0.5-percentage-point VAT hike from May 1 and again in 2026.

VAT is applied to nearly all goods and services, from electricity and medicine to groceries and even mobile data...

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