The proposed VAT increase, which was meant to be implemented next month, has been reversed. Treasury issued a statement shortly after midnight on Thursday. The VAT rate was scheduled to rise to 15.5% on 1 Maybut will now remain at 15%. Treasury says the decision was taken after considering recommendations of the Parliamentary committees and extensive consultation with political parties. 

<p>The proposed VAT increase, which was meant to be implemented next month, has been reversed. Treasury issued a statement shortly after midnight on Thursday. The VAT rate was scheduled to rise to 15.5% on 1 Maybut will now remain at 15%. Treasury says the decision was taken after considering recommendations of the Parliamentary committees and extensive consultation with political parties.&nbsp;</p>

POWER Talk is a mid-morning talk show programme, hosted by Dr Mbuyiseni Ndlozi. The show delves deeper into the news of the day along with larger societal themes, inviting listeners to help unpack issues on the day’s current affairs agenda and topics close to their hearts. Ndlozi also interviews the biggest newsmakers and experts in South Africa, helping listeners make sense of their world.

<p>POWER Talk is a mid-morning talk show programme, hosted by Dr Mbuyiseni Ndlozi. The show delves deeper into the news of the day along with larger societal themes, inviting listeners to help unpack issues on the day&rsquo;s current affairs agenda and topics close to their hearts. Ndlozi also interviews the biggest newsmakers and experts in South Africa, helping listeners make sense of their world.</p>

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