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Podcast: The Daily Discourse
Episode: VAT Hike & the impact on our grocery baskets
Description: Overnight, the National Treasury announced that VAT would remain at 15% and three new bills will be tabled: the Rates, Division of Revenue and Appropriation Bill will be enforced. In light of the developing story, we discuss what happens next in the process at Parliament and the National Treasury. The 2025-26 annual Budget has been subjected to unprecedented interrogation and deliberation. Our next guest wrote an article in which he identified two interrelated issues that have not been debated with sufficient rigour: the overall economic strategy in the budget and the proposed increase in Value Added Tax (VAT). G...