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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 2h

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,

ANC U-turn over tax that threatened South Africa's government

The hike was proposed by the African National Congress (ANC) but was strongly opposed by the Democratic Alliance (DA), its main coalition partner in the unity government, which had even asked the courts to block it.

The Financial Times · 11h

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

South Africa and Ukraine woo each other

Associated Press News on MSN · 14h

Zelenskyy says he’s cutting short a visit to South Africa after Russian attacks on Kyiv

PRETORIA, South Africa (AP) — Ukrainian President Volodymyr Zelenskyy arrived in South Africa for a state visit Thursday following U.S. President Donald Trump’s new accusations that he is prolonging the war against Russia by pushing back against any plan to give up Ukrainian territory in a peace deal.

Reuters on MSN · 10h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

BBC on MSN · 10h

South Africa and Ukraine woo each other - as relationships with Trump turn sour

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the once-strained relations between the two nations. The visit marks a diplomatic breakthrough for the Ukrainian leader in his efforts to counter Russia's strong - and growing - influence in Africa.

14hon MSN

South Africa scraps proposed tax increase after pushback from coalition partners and opposition

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

10hon MSN

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 ...

14hon MSN

Zelensky cancels part of South Africa trip after deadliest Russian attack on Kyiv since July

The overnight missile and drone attacks across Ukraine came after President Trump criticised President Zelensky's approach to ...

1don MSN

Climate change is lifting South Africa out of the ocean, study finds

South Africa is slowly lifting out of the water—by up to 2 millimeters per year depending on the region. It had been assumed ...

5hon MSN

‘American Pie’ star Shannon Elizabeth met her ‘soul mate’ in South Africa

American Pie” star Shannon Elizabeth reveals she had to make some adjustments after moving to South Africa, where she met her ...

8hon MSN

Emerging economies face longer period of tighter financing, South African central banker says

Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free ...

15hon MSN

Tanzania bans South Africa and Malawi imports as trade row escalates

Tanzania has banned all agricultural imports from South Africa and Malawi in the latest episode of a growing trade row. "We ...

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