VAT increase as of 1 April 2018

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Following the announcement made by South Africa’s finance minister earlier this year, South African VAT has increased from 14% to 15% as of 1 April 2018.

Consequently, all the South African properties in the Southern Spoor portfolio have adjusted their rates accordingly to reflect the 1% increase in VAT. New rate sheets are now available and previously issued rates are null and void.

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