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Ramaphosa says there is no guarantee that the VAT hike will be scrapped [SOUND]

# President Cyril Ramaphosa has hinted that it is unlikely that the Treasury will find a way to scrap the value-added tax increase. The budget was passed in Parliament last week with a non-binding recommendation for the Treasury to find alternatives to the VAT hike and non-adjustment of tax brackets over the next 30 days. Speaking on the sidelines of an ANC event in Soweto on Sunday, Ramaphosa said all options are being considered:

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