2 weeks Ago By SABC
Home | Government to expand zero–rated VAT food basket: Kubayi Head of the African National Congress’ (ANC) economic transformation subcommittee, Mmamoloko Kubayi says the government plans to expand the zero–rated VAT food basket. The party is hosting a special National Executive Committee meeting at the Birchwood hotel in Boksburg, East of Johannesburg. The subcommittee briefed the media on Saturday on the economy , transport, employment and the high cost of living.
Kubayi says the party is committed to shielding households from the harsh economic conditions and the increasing cost of living. ”Expanding the zero-rated VAT food basket is part of our bold step to alleviate inflation on basic food items, protecting both low-income and middle-class families. These efforts are a testament to our commitment to making essentials affordable and accessible.
The government is clear that taming inflation, in particular, in essential food prices is paramount for stability and rebuilding the public’s faith in our collective future.” SABC © 2024.
