News

South African rand gains after VAT increase withdrawn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 ...
The Citizen7h
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 ...
South Africa Ditches Tax Hike That Tested Coalition Government
South Africa’s National Treasury plans to scrap a proposed tax increase that threatened to rupture the nation’s coalition ...
South Africa abandons planned VAT hike after pushback
South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of ...
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.
Farmer's Weekly8h
Finance Minister Enoch Godongwana scraps VAT increase
Keeping value added tax (VAT) at 15% will benefit consumers and farmers. The National Treasury announced on the morning of 24 ...
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 ...
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 ...