MyPE

Community Business Directory, Event Listings, News and Views from Gqeberha, Nelson Mandela Bay

VAT, Fuel, Land: Can YOU Explain this to me?

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With reference to the recent increases in VAT and Fuel and the land question:

  • VAT goes up to 15%
  • Petrol goes up by the highest rate in a long time
  • Fuel is expected to increase by a large amount again next month
  • The question of land re-distribution without compensation is on the table again.

For the increases above Government now gets a larger bite in tax and duties and Government stands to gain the most in terms of land re-distribution.

AND THEN the President of South Africa, Cyril Ramaphosa makes an appeal to food manufacturers and distributors to NOT increase prices DESPITE higher operating costs.

  1. Is he trying to make everyone poorer and taxing the hell out of every single one of us?
  2. Surely if business does NOT increase prices then they place themselves in jeopardy of going out of business and the Government will collect less tax?
  3. Surely if business reacts and increases prices in order to stay in business then Government will collect more tax?
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Alan Straton

Chief Cook, Bottle Washer and Broom Mechanic at MyPE
Passionate about Port Elizabeth and definitely NOT packing for Perth. Alan's ethos is epitomised in the words of Nelson Mandela; "I have fought against white domination and I have fought against black domination. I have cherished the idea of a democratic and free society. If need be, it is an ideal for which I am prepared to die." See more articles by Alan.