VAT hike would devastate small businesses, says SME leader
Media Release12 March 2025 Finance Minister Enoch Godongwana must abandon plans for a VAT increase when he delivers the 2025 Budget Speech tomorrow, South Africa’s leading SME incubator warns, saying higher taxes will cripple SMEs, weaken consumer spending, and stall economic recovery. Shawn Theunissen, Founder of Property Point and eTTP, said that the increase would […]
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