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Not-to-be missed property auctions A Boland farm and high, middle and low income residential, commercial and industrial properties in Western Cape will be auctioned on 26 and 27 Feb.Engel & Völkers in Moreleta Park Licence partner of Engel & Völkers New East has bought the Moreleta Park licence territory, which is also situated in Pretoria East.Budget 2025: 0.5% VAT increase proposed for 2025 and 2026To raise the revenue needed, the government proposes to increase the VAT rate by half- a percentage point in 2025/26, and by another half-a-percentage point in the following year. This will bring the VAT rate to 16 per cent in 2026/27.