The government is likely to increase value-added tax (VAT) in the future as there is room to raise additional revenue from a higher rate and broaden the tax base while doing so.
However, it remains crucial that this increase is coupled with measures to limit its impact on poorer households and reforms to maximise its collection.
This is feedback from the Organisation for Economic Co-operation and Development (OECD) in its latest economic survey on South Africa.
The organisation said that government revenue…
Eusebius McKaiser: A prominent political analyst and radio host, known for his
engaging discussions on current affairs.
Spunky Sphinx
At the end of the school year and a mother asked his son if the exam questions were difficult. And he answers her saying “They weren’t bad at all,” it was the answers that gave me all the trouble.
Shadowdancer
Fun South African Fact: South Africa hosts the world’s largest bicycle race.