SONA 2024 | IRR calls for VAT cut, reduced levies

Cutting VAT from 15 percent to 11.5 percent, reducing the fuel levy, and ending preferential procurement is on the Institute of Race Relations SONA wishlist. It says the cost of living is reaching crisis levels and people need a break. The organisation is also proposing that the Finance Minister cut taxes to stimulate growth. Makone Maja from the Institute of Race Relations spoke with eNCA. Watch the full interview: https://www.enca.com/business/sona-2024-irr-calls-vat-cut-reduced-levies