Budget 2025: Food security at stake with 0. 5% VAT hike set to hit households in the belly
South African consumers face a looming hit at the checkout as Finance Minister Enoch Godongwana’s 2025 Budget, tabled this week, introduces a 0.5% increase in Value-Added Tax (VAT).The move, dialled back from an initial 2% proposal, still threatens to drive up food prices and deepen the cost-of-living crisis, piling pressure…
