News

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 ...
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...
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 Africa Report3h
South Africa’s budget impasse is over, but coalition disputes remain
South Africa’s Finance Minister Enoch Godongwana has reversed his contentious proposed 0.5% value-added tax (VAT) hike, but ...
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 ...
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 Citizen1d
JUST IN: VAT to remain at 15%, hike reversed, Treasury announces
The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...