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 ...
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 ...
The Africa Report4h
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 ...
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 Citizen6h
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 ...
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 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SASSA and the VAT freeze: Can grant increases be withdrawn?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?