Overnight, the National Treasury announced that VAT would remain at 15% and three new bills will be tabled: the Rates, Division of Revenue and Appropriation Bill will be enforced. In light of the developing story, we discuss what happens next in the process at Parliament and the National Treasury. The 2025-26 annual Budget has been subjected to unprecedented interrogation and deliberation. Our next guest wrote an article in which he identified two interrelated issues that have not been debated with sufficient rigour: the overall economic strategy in the budget and the proposed increase in Value Added Tax (VAT). 

Guest: Imraan Valodia - Pro Vice-Chancellor: Climate, Sustainability and Inequality and Director: Southern Centre for Inequality Studies, University of the Witwatersrand (Note: He will not comment on legal proceedings for the urgent interdict at Western Cape High Court)

Guest: Adv. Benjamin Cronin  - Lecturer in the Department of Commercial Law and an Advocate of the High Court of South Africa