Palesa runs a small business delivering kotas in her village, on her bicycle. She would like to increase her profit. She decides to buy all her ingredients from a supermarket in town to reduce her expenses. She notices an amount on her till slip for VAT. She asks her friend Sandile to explain VAT to her.

This podcast covers finance terminology such as:

• Value Added Tax - VAT
• VAT exclusive price
• VAT inclusive price
• Calculating VAT inclusive and exclusive prices