The Pietermaritzburg Economic Justice and Dignity Group (PMBEJD) notes with reservations the budget that was tabled by Finance Minister Enoch Godongwana in parliament on Wednesday. The dogged pursuit of VAT to generate revenue was unfortunate, given that the Minister had far more effective revenue-raising options available to him, for example: removing the retirement fund tax…
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PMBEJD Media statement For immediate release Pietermaritzburg, 21 February 2025- A proposal by the Finance Minister to increase the VAT-rate from 15% to 17% will raise the cost of all goods and services in the economy, with the exception of a few very basic, mostly food items which are zero-rated. All South African citizens pay…
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The benefits of having electricity far outweigh the negative consequences of not having it: even if we have to find new ways to provide it for free… Read more here
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