JOHANNESBURG - Service providers have begun notifying customers about changes to monthly bills.
This follows the recent budget speech that included a 0.5% VAT increase.
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It's set to affect a wide range of goods and services, raising concerns of additional strain on consumers.
According to personal finance journalist Maya Fisher-French, interest rates increased dramatically after 2021.
When prices fluctuate, people must modify their budgets and find additional income due to higher taxes.