Head of the African National Congress’ 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. Chairperson of the economic transformation subcommittee in the NEC, Cde Mmamoloko Kubayi briefing the media on the economy, investment, the high cost of living, energy security, G20, industrialisation, and job opportunitiesKubayi 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.” Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.