JOHANNESBURG - There's considerable confusion as to whether Finance Minister Enoch Godongwana will need to introduce an entirely new budget following the reversal of the VAT increase.
Companies are under pressure to address this adjustment, as many systems were already set to accommodate the 15.5% rate effective from the first of May.
The VAT reversal could profoundly impact South Africa's economic trajectory and present challenges for businesses and consumers alike.
Economist, Dawie Roodt discussed this topic with eNCA.