This year, hundreds of business leaders from G20 countries representing over 60 percent of the world’s population and 85 percent of total GDP - will convene in South Africa.
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SA’s VAT hike to 16% may ease debt but worsens stagnation. True relief lies in growth, reforms, and expanding the tax base - not more taxes.
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The scale of the further wide-ranging US unilateral tariff hikes announced by President Trump will not only drive a huge wedge into the world’s multilateral trading system but is also bad news for the SA economy.
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