President Cyril Ramaphosa announced a plan to change the range of food items exempt from value-added tax (VAT). However, it is easier said than done.
President Cyril Ramaphosa announced a plan to change the range of food items exempt from value-added tax . However, it is easier said than done.
Trade Intelligence’s Grocery Shopper Report for 2024/25 revealed that 17% of household expenditure in South Africa is on food. Finance Minister Enoch Godongwana clarified in his latest budget that the zero-rating of VAT does not apply to pre-cut or prepared fruit or vegetables. De Wet added that it is difficult to define the items on the list to prevent abuse. This is one of the major reasons meat products, like chicken, are not on the list.
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