GNU protects South Africans from the worst of VAT, but 0. 5% increase has serious implications for businesses

By Stefan Kritzinger | Published Mar 23, 2025

A few weeks later, on 12th March, the minister of finance tabled the budget with a revised VAT increase of 0. 5 per cent for the 2025/26 year, and a further 0. 5 per cent increase in the 2026/27 year.