Godongwana sees no alternative to VAT hike for South Africa

BusinessTech

South African Finance Minister Enoch Godongwana insists on a tax increase amid budget dispute with opposition party Democratic Alliance. The DA opposes a 0.5% VAT hike to 15.5%, filing a lawsuit to block it. Godongwana defends the increase, scheduled for May 1, stating he sees no alternative within the fiscal framework.
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