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 ...
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 South African on MSN5h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...
South African rand stable after VAT hike withdrawn, markets await budget clarity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 ...
Daily Maverick on MSN17h
VAT increase withdrawn, expenditure adjustments on the cards
In a media statement issued on its website in the middle of the night, the National Treasury announced the reversal of the ...
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 ...
Legal showdown: Western Cape High Court to hear DA and EFF's application on VAT increase interdict
The Western Cape High Court is set to hear an urgent application from the DA and EFF to interdict a VAT increase announced by Finance Minister Enoch Godongwana, which they argue will ...