The trade union Cosatu has threatened the government that they will their strike if the decision to increase VAT is not reversed.
The previous finance minister announced during the budget speech that VAT would be increased from 14% to 15%.
Cosatu demands that the goods that are exempt from VAT should be increased, such as certain food items, water, electricity, books and school clothes.
Should the list of exempt goods be increased, according to financial experts, the effect of the VAT increase will be neutralized.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
