1 % Vat have impacted Consumer Debt Negatively

1 % Vat have impacted Consumer Debt Negatively Consumer Debt In South Africa  increased with the Vat changes of recent. George & Mosselbay consumers are already struggling with high living cost going up monthly.  In all areas of South Africa Consumer Debt is getting higher and increasing faster than the income bracket of the consumer.  This forces the consumer to have less and less funds available to make payments on the accounts and have enough for living expenses. Since the 1 April 2018 the vat was increased by 1%  have impacted the levels of consumer debt. It may sound so little, but it makes a huge difference to the consumers… Read More

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