Finance Minister Malusi Gigaba has announced an increase of one percentage point in the VAT rate.
Is VAT really the best way to raise money?
The Money Show’s Bruce Whitfield interviewed Wits economic researcher Gilad Isaacs.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
An increase in VAT impacts poor people most.— Gilad Isaacs
There is room to increase other taxes that won’t have a negative effect on poor people.— Gilad Isaacs
We rank 137th out of 213 [in terms of corporate tax rates].— Gilad Isaacs
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The UK-Africa summit is underway and after Brexit, the UK reportedly wants to boost trade with our continent.
Damaged undersea cables frustrated many SA internet users this week. We get an update on the situation - and a backup plan.
The pick of the day's crop as chosen by Caroline Cremen, Portfolio Manager, Adviceworx.
“ Government must ensure that state-owned entities have boards with the right mix of skills to fulfil their mandates."
Macfarlane Moleli tells The Money Show how he structures his life and sets goals.
What does it really cost you to have your investment managed by somebody else? What is that management worth in the end?
Eusebius McKaiser says the media needs to ask questions that don't unintentionally frame the wrong issue around this tragedy.
Khabazela shares tweets and Facebook posts that have gone viral.
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.