BUDGET: VAT stays at 15% as treasury prioritises public input over revenue expansion [SOUND]

# Minister of Finance, Enoch Godongwana says the VAT rate will remain unchanged at 15-percent, as the National Treasury prioritises public consultation over increasing revenue. Delivering his budget speech, Godongwana said that while raising VAT could boost fiscal resources, concerns about its impact on the poor influenced the decision to keep it unchanged. He emphasised that any future adjustments would require broad engagement and careful assessment: