JOHANNESBURG - The VAT hike is still set to take effect on 1 May, despite major public backlash.
However, there are reports that Treasury and the South African Revenue Services (SARS) may be working to avoid it with adjusted revenue targets and rebates.
Finance Minister Enoch Godongwana is sticking to his guns, telling the court there’s no other way to plug the hole.
Executive Director at the Centre for Risk Analysis Chris Hattingh spoke to eNCA in light of this.