Parliament welcomes out-of-court settlement on VAT and fiscal framework [SOUND]

# Parliament’s presiding officers welcome the agreement reached in the court proceedings concerning the value-added tax increase and the adoption of the fiscal framework. The Western Cape High Court has suspended the proposed 0.5-percent VAT increase, formally scrapping the measure. The court made the order in the DA and EFF’s court challenge to have the VAT rate adjustment set aside. Parliament’s spokesperson, Moloto Mothapo, says this brings a resolution to a complex matter of significant national importance: