University of Zululand economist unpacks VAT turnaround dilemma

Already stretched consumers breathed a sigh of relief last weekend when the scrapping of the VAT increase was announced.

But this is not the end for Finance Minister Enoch Godongwana, however, as more number crunching must be done to find the R75-billion shortfall to grow the country’s ailing economy.

Unizulu economist, Professor Irshad Kaseeram argues that further borrowing will increase the national debt to unsustainable levels.

Read the full story in this week’s ZO Weekender, out on the shelves and on the ZO app

Don’t have the ZO app? Download it to your Android or Apple device here:

HAVE YOUR SAY