With limited options available, the government has placed reliance on increased VAT to raise additional revenue.

# “Currently, agricultural products and seeds imported by local farmers are subjected to a 10 percent VAT rate at the border, whereas the final produce sold locally [will soon be] subject to only 5 ...

Fitch ratings agency said on Friday that it thought South Africa’s government would struggle to stabilise debt as projected in this week’s revised budget. “South Africa’s 2025 budget, unveiled on 12 ...