Date Posted

Street vendors in SA province urge Minister not to increase VAT

Facebook
X
LinkedIn
WhatsApp
According to Statistics SA, unemployment stands at 31.4% in the country.
Street vendors in Polokwane, Limpopo province, say South African (SA) Finance Minister Enoch Godongwana should not increase Value-Added Tax (VAT).
Godongwana will present his budget speech in the National Assembly this Wednesday.
The hawkers say they started small businesses due to unemployment.
According to Statistics SA, unemployment stands at 31.4% in the country.
One Vendor, Mokgadi Mamoratho, says it will be expensive for them to stock goods if VAT is increased.
“We are selling on streets, so the budget is going to affect us a lot because we are targeting school kids and the public, of which their salaries are not going to get up since we are going to raise the price. We are  not going to make business in that way because of a budget and VAT, so we are requesting the Minister that if VAT can go down so that we can also manage to make a business.”
—SABC–