News

South Africa withdraws planned VAT hike after political pushback
South Africa has abandoned plans to increase value-added tax from May 1, the finance ministry said on Thursday, after the ...
The Citizen3h
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 ...
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 ...
South African rand gains after VAT increase withdrawn
The South African rand gained slightly on Thursday after the finance ministry said it was withdrawing a contentious increase ...
Politicsweb52m
Reversal of VAT increases a hard-won victory – SACP
Reversal of VAT increases a hard-won victory for the working class, a call against austerity ...
News242d
DA, EFF unite against ANC's VAT increase, say it's 'a blunder' set to harm the poor
The DA described the increase as “anti-growth, anti-poor and anti-jobs,” while the EFF slammed the ANC for misleading the ...
South African rand marginally stronger after VAT hike withdrawn
The South African rand was marginally stronger in early trade on Thursday, after the finance ministry said it was withdrawing ...
BusinessTech1d
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 ...