Write the acronym SARS in full.

The four effects of a VAT increase are:

1. Food prices will rise, because VAT is added to the selling price of most goods and services.
2. Consumers will have to pay more for the same items, so their purchasing power falls.
3. Their disposable income is reduced, as more of the money they earn goes to essential items.
4. Living costs rise and spending drops, especially on non-essential items, and it becomes harder to keep up the current standard of living.

Import duty.

It is the duty charged on clothing brought into the country.

Three ways to use water more efficiently for personal care are:

1. Take a short shower rather than a bath, and do not fill the bath completely.
2. Close the tap while brushing your teeth, shaving or soaping yourself.
3. Fit tap aerators and low-flow shower heads, and collect shower water in a bucket to flush the toilet or water pot plants.

The four advantages of a two-year guarantee are:

1. It is a written promise that the product or service will meet certain quality standards for two years.
2. The manufacturer promises to repair or replace the item if a fault appears within the two years.
3. It protects the consumer against loss, because faulty goods do not have to be paid for twice.
4. The consumer can usually choose whether the item is repaired, replaced or refunded.

D: Repo rate

The repo rate is the rate the Reserve Bank charges commercial banks.

G: Tax based on irregular income

This describes provisional tax.