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SACP celebrates reversal of VAT increase as a win for the working class

Summary by Pondoland Times | Local People, Local Stories
In a significant policy reversal, the South African government has canceled the proposed increase in Value-Added Tax (VAT) that was set to take effect on May 1, 2025. This decision is particularly beneficial for recipients of the South African Social Security Agency (SASSA) grants, who are among the most economically vulnerable citizens.​ Understanding the VAT Hike Proposal The initial plan aimed to raise the VAT rate from 15% to 15.5% in 2025, …

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sacp.org.za broke the news in on Thursday, April 24, 2025.
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