Tag: Judge Dennis Davis
Lifting the lid on the VAT increase
The VAT hike as part of the 2018 Budget Speech poses the risk of eroding the spending power of poor and lower-income households, exacerbating poverty and increasing inequality. VAT is a regressive tax - Value added tax (VAT) – charged on most goods and services at a rate of 14% – is levied irrespective of how much somebody earns, making it a regressive tax.
On the Brink – South Africa’s Political and Fiscal Cliff-Hanger
Few countries in transition have managed to get a grip on their public finances as well as South Africa did after 1994. Now, just more than 20 years later, the nation’s credibility and the democratic project lie in tatters as we teeter on the brink of a political and fiscal cliff.
