Fuel and VAT news

NEWS
South African motorists could be paying up to R483 less to fill their tanks
South Africa’s Road Accident Fund (RAF) tax and General Fuel Levy (GFL) add between R272 and R483 to the price of a tank of fuel, depending on the size of your car’s tank. These two fuel taxes add a combined R6.04 to the cost of a litre of fuel, making up around 26% of July 2024’s inland unleaded 95 price.
Big VAT changes on the cards
Major changes are coming to VAT in South Africa, with the government looking to expand the range of food items exempt from the tax. 
President Cyril Ramaphosa announced on Thursday (18/07/2024) during the Opening of Parliament Address that the Government of National Unity (GNU) will review ways to help reduce prices of goods for South Africans. .