News

The South African5h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...
South African rand stable after VAT hike withdrawn, markets await budget clarity
The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...
Moneyweb5h
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 ...
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 Citizen7h
GNU stumbles as VAT hike U-turn heightens ANC-DA tensions
The VAT hike reversal has deepened fractures in the GNU and raised questions about who really calls the shots in fiscal ...
The South African on MSN7h
SASSA and the VAT freeze: Can grant increases be withdrawn?
As far as SASSA and the VAT freeze go, can above-inflation increases for 2025 be reversed after just one month?
Briefly on MSN1d
Enoch Godongwana Scraps Proposed VAT Hike, SA Suggests How Government Can Negate Expected Shortfall
Finance Minister Enoch Godongwana has scrapped the proposed VAT hike, and while many are celebrating, they're also suggesting ...
BusinessTech2d
Date set for court ruling on VAT hike, and Ramaphosa and Mashatile under threat
Good news at South Africa’s ports: The port of Richards Bay has achieved record volumes in the past financial year, driven by ...