Multichoice slashes prices
Friday, August 05, 2022 | 4570 Views |
Panelists during this year’s Multichoice Botswana content Showcase event PIC: KENNEDY RAMOKONE
On July 26, government announced that it will reduce the value added tax (VAT) rate by two percent from 14 to 12% effective August 3, 2022 for a period of six months.
The reduction of the VAT rate is part of a package of measures put in place by the government to cushion the impact of rising global inflation on households and the economy.
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...