The South African government’s plans to raise value-added tax would scupper a nascent recovery in consumer spending, the chief executive officer of the continent’s largest supermarket chain said.AdvertisementsA disagreement within the coalition government over the National Treasury’s proposal to increase the VAT rate by 2 percentage points to 17% delayed Finance Minister Enoch Godongwana’s budget…
SA’s largest grocer sees tax hike hitting shoppers
Retailers would likely pass any food-tax increase onto customers,