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Thread: SAs cheapest retailer for VAT-exempt items

  1. #1
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    Default SAs cheapest retailer for VAT-exempt items

    Cape Town - Fin24 went shopping at South Africa's leading retailers to see who has the lowest prices on products exempt from the increase in value-added tax.

    The VAT hike from 14% to 15% came into effect on April 1, after an announcement by former finance minister Malusi Gigaba in the 2018 Budget.

    There has been a widespread backlash to the impact it will have on South African consumers' pockets, especially those of the poor.

    Only 19 items have been excluded from the VAT hike.

    The current list of VAT-exempt items comprises the following items:

    Brown bread Maize meal Samp Mealie rice Dried mealies Dried beans Lentils Pilchards/sardines in tins Milk powder Diary powder blend Rice Vegetables Fruit Vegetable oil Milk Cultured milk Brown wheat meal Eggs Edible legumes and pulses of leguminous plants

    When Fin24 conducted a snap poll among users to share their views on the VAT increase and to tell us which items they would like to be added to the current VAT-free list, we were inundated with responses.

    The message was clear - the current list of items is not enough.

    Fin24 previously reported that Finance Minister Nhlanhla Nene said government will continue to hold talks with stakeholders in a bid to soften the blow of the VAT hike on the poor, and is prepared to look at expanding the list of zero-rated goods.
    More At: https://www.fin24.com/Companies/Reta...ems-20180417-2
    It is said that your life flashes before your eyes just before you die. That is true, it's called Life.― Terry Pratchett

  2. #2

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    Milk costs more than Coca-Cola. Brown Bread costs R12 per loaf. VAT free/exempt is a myth.

  3. #3
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    Quote Originally Posted by ambroseg1 View Post
    Milk costs more than Coca-Cola. Brown Bread costs R12 per loaf. VAT free/exempt is a myth.
    Even State Bread?
    ( The best fresh baked stuff not the sasko sam crap)

  4. #4

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    Quote Originally Posted by Mila View Post
    Even State Bread?
    ( The best fresh baked stuff not the sasko sam crap)
    They say brown bread is Vat exempt. They don't say no-name ONLY brown bread is vat exempt.

    But yes, I am referring to the Sasko stuff I buy from the local Pick n Pay.

  5. #5

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    Quote Originally Posted by ambroseg1 View Post
    Milk costs more than Coca-Cola. Brown Bread costs R12 per loaf. VAT free/exempt is a myth.
    Milk costs more than petrol ... I think.

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