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The rand has depreciated to R18. 78 against the US dollar, reaching its lowest point since February as Parliament narrowly passes the controversial budget with a VAT increase. Meanwhile, the DA plans to challenge the decision in court, highlighting growing tensions within the Government of National Unity
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Parliamentary finance committees met to discuss South Africa's economic policies, with COSATU strongly opposing the proposed VAT increase that they argue will harm working-class families already struggling with inflation and high unemployment.
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