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South Africa's finance minister says he won't resign after VAT U-turn

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned value-added tax hike, despite opposition calls for him to quit."My job is to introduce money bills - nothing says they must be popular,

AllAfrica on MSN · 19h

South Africa: Proposed VAT Increase to Be Reversed

National Treasury's proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch Godongwana introduces the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates Bill) to Parliament.

BusinessTech · 7h

Big question over VAT reversal in South Africa

With National Treasury announcing the reversal of the contentious 0.5 percentage points VAT hike on Thursday (24 April), legal experts have warned this doesn’t mean it’s a done deal.

The South African on MSN53m

SASSA payment dates for May 2025: Could the VAT freeze impact increases?

SASSA has confirmed the April 2025 payment dates amid uncertainty about whether the increases will be withdrawn as the VAT ...

10hon MSN

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.

The Citizen17h

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 MSN58m

Where to get cheap, VAT-frozen groceries this weekend in SA

With the recent VAT freeze, South African shoppers facing high grocery prices can find potential relief for their budgets.

Briefly on MSN9h

Democratic Alliance Celebrates VAT Hike Reversal, Political Parties Maintain It Wasn’t DA Alone

The Democratic Alliance claimed victory for the reversal of the VAT increase, but other political parties are not impressed ...

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