Shoprite CEO sends a warning to finance minister Enoch Godongwana

BusinessTech

Shoprite CEO Pieter Engelbrecht warns against food tax increases in South Africa, fearing it would hinder consumer recovery. Budget delay due to VAT hike rejection. Engelbrecht urges lawmakers to consider impact on consumers and businesses struggling with high costs and unemployment. Consumer spending shows slight recovery due to low inflation and pension system changes.

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Daily Dive
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