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The South African government has concluded its 2025 budget deliberations, announcing a VAT increase of 0.5% from May 2025, and a possible further 0.5% hike by April 2026 as part of measures to address the growing budget deficit.
The battle to attract, engage and retain talented employees continues, and many South African organisations are turning to flexible benefits to lure candidates away from their competitors.
The strongest deterrent against FSP compliance missteps is or should be: