Business

One-year VAT-hike deal on the table in feverish budget talks

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The ball is now in ANC’s court after the DA submitted final tweaks in a potential budget deal

A one-year VAT hike, which could be removed if there are significant savings registered in a comprehensive spending review, is part of a potential deal between the ANC and the DA.

Budget negotiations have progressed significantly in the last 48 hours — the ball is now firmly in the ANC’s court after the DA sent final amendments to the proposals for a deal on Sunday. ..

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