Guiding consumers since 2009

DA welcomes plan to remove tax from basic foods

By Staff Writer

The Democratic Alliance has welcomed cabinet's decision to consider removing tax from basic food items and the possible provision of food vouchers to the poor.

"The provision of food vouchers in cases of emergency has been a policy-tenet of the DA for a number of years," DA finance spokesman Kobus Marais said on Tuesday.

Marais said it was important for South Africa's most vulnerable to be protected from the effects of steeply rising food prices.

It was also necessary to provide a basic income grant (BIG) of R120 per month for anyone earning less than R7500 a year, who was not receiving any other government grant.

"A BIG would effectively reach the millions of South Africans in the poorest households who are not receiving any form of social assistance," Marais said.

"In addition to the proposals currently on the table, the government must also consider increasing the coverage of school-feeding schemes so that schools in all vulnerable areas are properly covered."

Recent Articles

Featured It’s possible to change your marriage regime

Many people wed before they sign an antenuptial contract (ANC). This is especially practiced by people in customary marriages and those not clued up about the ANC. The law says if there’s no ANC before the wedding takes place, the marriage will automatically be in Community of Property. 

Keep this in mind when taking out new financial products

Adding a product to your personal finance portfolio, such as insurance or an investment, is a big decision. We found out what you should keep in mind before taking out a new product, how you can assess the products you already have, and how you can generally improve your financial position.

Are you in debt denial?

With debt levels increasing at 13% more than income levels, South Africans are more debt-stressed now than arguably ever before. This is iterated by the National Credit Regulator’s (NCR) report that nearly half of credit-active consumers in South Africa have damaged credit records. However, only a few seek the necessary help.

Why should you invest in a mutual bank?

Often when people think about banking, they always think about commercial banks. Mutual banks hardly come to mind, but these banks offer investment opportunities that are often overlooked.

 

Deals

Blowfish Half-price Sushi Special

Price: Available on request
When: Wednesdays and Thursdays
Where: Cape Town

Da Vinci’s On Kloof Lunch Specials from R60

Price: From R60
When: Daily
Where: Cape Town

Stonehill River Lodge Stay 3 pay 2 Special

Price: Available on request
When: Until 19 March 2020
Where: Swellendam (Western Cape)