Cape Town rugby fans bid farewell to Newlands, WP's last game at the old stadium
Rape culture: 'There's no other crime where a victim is so held up to question'
Cape Town 'King of Cabaret' showbiz legend Alvon Collison dies
Why the mispronunciation of your name...or anyone else's...matters
Why Northern Mozambique locals may support attacks in Cabo Delgado
10% drop in festive season road deaths, but no reduction in real terms, says AA
10 countries that lead the world in vaccinating their people against Covid-19
Virgin Active responds to customer complaint about gym ventilation
Santam's three-month settlement offer 'flying in the face of policy and courts'
Hoarder: 'I carried heavy bags of newspapers to the office and back every day '
All about ears: key signs to look out for when it comes to ear health
The Outdoor Report: How and why trail running has exploded during lockdown
Rachel Kolisi has Covid-19. It is taking a toll on the kids, says Siya
Jurie Roux ordered to pay back R37m ‘misappropriated’ from Stellenbosch Uni
'What a moment of joy!' Siya pays surprise visit to fire-ravaged Masiphumelele
3 cool, fun and inspirational things to do in Cape Town this weekend
John Maytham's Book Reviews: 22 January 2021
Talk show giant Larry King has died
Covid-19 can be easily tweaked to adjust to new strains, explains NICD prof
Seychelles President hopes to vaccinate 70% of nation's population by mid-March
Chinese businesses and Namibian elites get rich illegally logging rosewood trees
Biden ends abortion funding rule to 'protect women's health, advance equality'
Sarb interest rate decision will hurt economy and property market - Samuel Seeff
Ginger and garlic prices are skyrocketing – and unlikely to ever be cheap again
What does it take to reject a VAT increase in the budget?
Since the announcement of a 1% increase on VAT in last weeks budget speech, there has been movement to prevent this from happening.
This is because of the negative effects it will have, particularly on lower income families.
DA leader Mmusi Maimane has started a petition against the increase, so too has Amandla.mobi, but is this enough to stop the increase?
READ: ‘A tough Budget is a good Budget. We need a VAT increase’
Leon Louw, executive director and co-founder at Freedom Market Foundation says that when it comes to the proposed VAT increase, Parliament is not obligated to accept it as is.
It is a law like any other and in theory Parliament can deal with it in the same way and it can be amended.
Leon Louw, Executive Director and Co-founder at Freedom Market Foundation
There some differences with the budget which are a matter of tradition, not so much law... that is the budget almost always goes through in precisely the way they were tabled, with some relatively small tweaks.
Leon Louw, Executive Director and Co-founder at Freedom Market Foundation
Louw says it usual and rare for anything to be changed. He add that the actual budget, not the speech is a document that is around 600 pages, and that it needs to fulfill the government's debts and liabilities.
When it comes to this budget, Louw says that we are in an usual year politically.
Not only did Ramaphosa replace Zuma, more importantly, the budget is a Zuma budget. The budget was drawn up over the recent months and reflects virtually nothing of Ramaphosa what so ever.
Leon Louw, Executive Director and Co-founder at Freedom Market Foundation
There is a possibility of some change, but I think its grand standing to say that VAT should not increase. I don't think the DA or anyone seriously believed they will stop it.
Leon Louw, Executive Director and Co-founder at Freedom Market Foundation
Louw says the petitions against the VAT increase just create a climate of public opinion which may have some consequences in the future.
Listen to the full conversation:
More from #Budget2018
[LISTEN] My reaction was superseded by a call to service - Nhlanhla Nene
Bongani Bingwa speaks to incoming Finance Minister after his come back to cabinet was announced by the President.
Read More
Political Desk: 'Finance minister did a bit of an ambulance job' #Budget2018
Director of the Rhodes Business School Professor Owen Skae explains why VAT a was logical decision but not a popular one.
Read More
Fault line between DA and EFF: To hike corporate tax or not #Budget2018
DA says corporate tax should be reduced to stimulate economy while the EFF argues that corporates should be taxed more.
Read More
Good news, but is it enough? Universities SA on R57 billion education boost
Universities SA says it's concerned the money may not be enough and wants Treasury to provide calculations.
Read More
[LISTEN] Gigaba deliberately misled the public - Zwelinzima Vavi
Trade unions react to Malusi Gigaba's announcement of a one percentage point VAT increase for #Budget2018
Read More
'Government had no choice but to increase VAT'
Judge Dennis Davis says the increase was needed in order to make up the massive deficit in the national budget.
Read More
'Budget is excellent under the circumstances. I give it 9 out of 10'
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
Read More
'Next year they’re going to have to look at another VAT increase'
Finance Minister Malusi Gigaba’s first Budget Speech is done and dusted. Bruce Whitfield interviews TaxTim cofounder Marc Sevitz.
Read More
Budget 2018: 'It could’ve been a lot worse!'
The Money Show's Bruce Whitfield interviews Jabu Mabuza (CEO Initiative) and Prof Osman Mollagee (PWC).
Read More
85% of VAT is collected from the top wealthiest people - Sars
Dr Randall Carolis, Sars Group Executive: Tax Excise & customs Institute, explains why VAT is the easiest form of tax to collect.
Read More
Highlights