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South Africa to raise VAT for first time in 25 years to plug budget hole

Thursday, February 22, 2018 - 01:59

South Africa's new leadership announced on Wednesday it was taking the politically risky step of raising value-added tax for the first time in 25 years, part of efforts to cut the deficit and stabilize debt under new president Cyril Ramaphosa. Scarlett Cvitanovich reports.

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South Africa's new leadership announced on Wednesday it was taking the politically risky step of raising value-added tax for the first time in 25 years, part of efforts to cut the deficit and stabilize debt under new president Cyril Ramaphosa. Scarlett Cvitanovich reports.

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South Africa to raise VAT for first time in 25 years to plug budget hole

Thursday, February 22, 2018 - 01:59