Fri, March 14, 2025
[ Fri, Mar 14th 2025 ]: Dealbreaker
Pharma Firms Mallinckrodt and Endo Agree to Merge in $6.7B Cash and Stock Deal
[ Fri, Mar 14th 2025 ]: Entrepreneur
The One Reason Most Small Businesses Fail. And No, It Isn't Money
[ Fri, Mar 14th 2025 ]: Patch
Woodbridge Twp. Business Summary: What's Coming In 2025
[ Fri, Mar 14th 2025 ]: TechRadar
You can now use an IPv4 address as business collateral - and it could be worth millions
[ Fri, Mar 14th 2025 ]: TheWrap
Justine Bateman Says Trump and Musk Should Use $1 .. llion of DOGE Savings to Start American Film Fund
[ Fri, Mar 14th 2025 ]: WTRF
"Failing to pay employees, provide insurance, or .. io hospital faces layoffs and financial struggles
[ Fri, Mar 14th 2025 ]: PCMag
'Disrupt and Leapfrog': Intel's New CEO Charts a (Risky) Comeback Strategy
[ Fri, Mar 14th 2025 ]: healthday
Dr. Oz Accused of Underpaying Medicare Taxes Ahead of Nomination Hearing
[ Fri, Mar 14th 2025 ]: News24
New VAT-free foods: Most canned veg still excluded, but oxtail, tongue may be in
[ Fri, Mar 14th 2025 ]: AOL
DocuSign CEO: No signs of recession in our business
[ Fri, Mar 14th 2025 ]: Week99er
AI Law Firm Marketing Company FirmPilot AI Announ .. ert Jay Greenberg to Company's Board of Directors
[ Fri, Mar 14th 2025 ]: isixsigma
TQM in the Digital Age: How AI and Automation Are Transforming Quality Management
[ Fri, Mar 14th 2025 ]: MarketWatch
Banks are feeling the strain as lower-income consumers struggle with inflation and tariff chaos
[ Fri, Mar 14th 2025 ]: Investopedia
Why Filing Your Taxes Early Could Save You Stress and Money
[ Fri, Mar 14th 2025 ]: Stocktwits
Crown Castle Stock Gains Premarket After $8.5B De .. Small Cells And Fiber Solutions: Retail's Divided
[ Fri, Mar 14th 2025 ]: Invezz
4 reasons Alibaba stock price is surging this year and what next
[ Fri, Mar 14th 2025 ]: Fortune
Publicis New York CEO Carla Serrano and the downside of Trump's war against all
[ Fri, Mar 14th 2025 ]: Forbes
AI's Expanding Role In Retail And E-Commerce: Balancing Efficiency With Human Touch
[ Fri, Mar 14th 2025 ]: CNN
Fear and resignation after 'world's most powerful .. mpany' pays Trump a $100 billion 'protection fee'
[ Fri, Mar 14th 2025 ]: Insider
Life after RTO: 11 Amazon employees reflect on th .. ghs and lows of returning to the office full time
[ Fri, Mar 14th 2025 ]: Newsweek
Companies and Communities Feel Effects of $20B Climate Funding Freeze
[ Fri, Mar 14th 2025 ]: GOBankingRates
Best 3-Month CD Rates and Offers for 2025
[ Fri, Mar 14th 2025 ]: BusinessTech
South Africa bans cannibas and hemp products, and Eskom maintenance lie
[ Fri, Mar 14th 2025 ]: Cryptopolitan
Crypto Analysts Believe This New Crypto Could Become Bigger Than Solana, XRP and BNB
[ Fri, Mar 14th 2025 ]: Mint
Bajaj Finserv Loan: Find the latest updates on gold loan
[ Fri, Mar 14th 2025 ]: Reuters
Singapore's DBS raises $2 billion through US dollar bonds, term sheet shows
[ Fri, Mar 14th 2025 ]: Variety
VFX and Animation Studio Cinesite Raises $215 Million On the Heels of Technicolor Collapse
[ Fri, Mar 14th 2025 ]: IOL
Standard Bank aims to lead Africa's energy, infrastructure development
[ Fri, Mar 14th 2025 ]: BusinessGhana
Govt to overhaul VAT System by end of year - Finance Minister
Thu, March 13, 2025
[ Thu, Mar 13th 2025 ]: AOL
Tech leaders at Anthropic, IBM, and Meta warn that AI is coming for software developer jobs
[ Thu, Mar 13th 2025 ]: Moneyweb
How Eskom and National Treasury saved taxpayers more than R20bn
[ Thu, Mar 13th 2025 ]: TipRanks
ARMOUR Residential REIT Updates Financial Position and Dividend
[ Thu, Mar 13th 2025 ]: RochesterFirst
Business owner and manager share thoughts on east end restrictions, six months later
[ Thu, Mar 13th 2025 ]: Politico
Lobbyists lay out an ethics roadmap for using AI
[ Thu, Mar 13th 2025 ]: CNBC
CNBC Daily Open: A muted inflation report for Feb .. supported markets even as the trade war heats up
[ Thu, Mar 13th 2025 ]: Moneycontrol
Top gainers and losers today: Stock that moved the most on March 13
[ Thu, Mar 13th 2025 ]: CNN
Trump imposes sweeping 25% steel and aluminum tariffs. Canada and Europe swiftly retaliate
[ Thu, Mar 13th 2025 ]: stacker
What are business expense cards and how do they work?
[ Thu, Mar 13th 2025 ]: Forbes
Elon Musk Hit With First Formal Conflict Of Interest Complaint Over FAA-Starlink Deal
[ Thu, Mar 13th 2025 ]: Observer
Blockchain's Billion-Dollar Blunder: How Finance's Tech Revolution Became an Awkward Evolution
[ Thu, Mar 13th 2025 ]: Insider
An early TikTok investor is $17 billion richer th .. he wealthiest man in finance after Warren Buffett
[ Thu, Mar 13th 2025 ]: BusinessTech
South Africa doesn't have a budget
[ Thu, Mar 13th 2025 ]: Euronews
Generali, Deutsche Bank and Deliveroo: The company news moving the markets
[ Thu, Mar 13th 2025 ]: Bloomberg
Trump Crypto Venture Has Talked to Binance About Doing Business
[ Thu, Mar 13th 2025 ]: Africanews
U.S. Gold Card: What it means for African investors Business Africa
[ Thu, Mar 13th 2025 ]: Axios
Exclusive: GSR Ventures splits its U.S. and China arms
[ Thu, Mar 13th 2025 ]: GOBankingRates
Chime vs. Varo: Comparing Features, Fees and Benefits
[ Thu, Mar 13th 2025 ]: Reuters
Britain's poorest households worse off than those in Slovenia, think tank says

This is how the VAT increase will impact your transport, food and electricity bills

The recent VAT increase proposal in South Africa raises concerns about its impact on low-income households, particularly regarding essential goods and services.
The article from MSN discusses the impact of the upcoming Value Added Tax (VAT) increase in South Africa, set to rise from 14% to 15% starting April 1, 2023. This increase will affect various sectors significantly:

  • Transport: Public transport fares are expected to rise, impacting daily commuters. Fuel prices will also increase, which could lead to higher costs for goods and services due to increased transportation costs.

  • Food: The price of food items will go up, particularly affecting lower-income households. This could exacerbate food insecurity as basic foodstuffs become more expensive.

  • Electricity: With the VAT hike, electricity tariffs will also increase, adding to the financial burden on consumers already dealing with load shedding and rising energy costs.

    The article highlights that while the government aims to increase revenue through this VAT hike, it will disproportionately affect the poor, potentially leading to a decrease in disposable income and an increase in the cost of living. It also mentions that some essential items might remain zero-rated to mitigate the impact on the most vulnerable populations. However, the overall economic strain on citizens is expected to be significant.

    Read the Full IOL Article at:
    [ https://www.msn.com/en-za/money/economy/this-is-how-the-vat-increase-will-impact-your-transport-food-and-electricity-bills/ar-AA1ATQhC ]