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Astral Foods doubts that chicken products will be zero-rated for VAT in South Africa while the National Treasury reviews its list. The SA Poultry Association argues an exemption could lift sales by about 10%, but the revenue loss to SARS is seen as a major obstacle.
Without a VAT exemption, chicken retail prices in South Africa stay higher and demand stays subdued. Any exemption would be a demand boost for local poultry, but the likelihood looks low.
businessday.co.zaNompilo ZuluDec 8, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
