VAT increase hits consumers hard
Monday, April 12, 2010
Kagiso Kagiso is of the view that the government's decision to increase VAT was ill-considered as the cost of living was high already. A drinker, Kagiso says the price of Chibuku has gone up by 25thebe.
Agnes Major fells the sting of VAT in her baby feed, especially First Growth formula which she says she used to buy for P14.95 but now costs P17.95.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...