News

The South African4h
VAT Freeze: What it means for the price of basic goods in SA
South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...
ANC U-turn over tax that threatened South Africa's government
The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that had threatened the country's coalition government.
South Africa's average nominal pay dips as economic challenges loom
BankservAfrica reported a decline in average nominal take-home pay, highlighting ongoing economic challenges and the impact ...
The South African on MSN2h
‘I won’t resign,’ says Godongwana after VAT U-turn
Godongwana refuses to resign after withdrawing the VAT hike, despite political backlash and controversy over the tax decision ...
Moneyweb4h
SA’s Godongwana says he won’t resign over Vat U-Turn
South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax ...
The Citizen1d
A R1 billion U-turn: Scrapping the VAT increase leaves no winners, just absolute chaos
The minister of finance announced in a statement loaded on National Treasury’s website at 15 minutes after midnight that the ...
The South African on MSN23h
EFF calls for ‘incompetent’ Godongwana’s head over VAT increase reversal
The EFF is one of the political parties which rejected the VAT increase and even went to court to challenge the matter.
Daily Maverick on MSN1d
VAT increase withdrawn, expenditure adjustments on the cards
In a media statement issued on its website in the middle of the night, the National Treasury announced the reversal of the controversial VAT increase, which was meant to take effect in a week's time - ...