South Africa’s Finance Minister, Enoch Godongwana, has drawn criticism for proposing a 2% increase in Value Added Tax (VAT)—from 15% to 17%—as a way to bolster the country’s R60 billion budget surplus. According to economist Patrick Bond, this approach reflects a long-standing insensitivity from the National Treasury, which he says dates back to the apartheid… Read More »Economists Challenge Proposed 2% VAT Hike, Urge Alternatives in SA Budget Debate The post Economists Challenge Proposed 2% VAT Hike, Urge Alternatives in SA Budget Debate first appeared on iAfrica.