With National Treasury announcing the reversal of the contentious 0.5 percentage points VAT hike on Thursday (24 April), ...

The reversal of the planned VAT increase and expansion of zero-rated food items, though easing pressure on consumers, has ...

The Democratic Alliance claimed victory for the reversal of the VAT increase, but other political parties are not impressed ...

The Caucus of the African National Congress (ANC) in Parliament welcomes the announcement by the Minister of Finance to stop ...

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.

News today includes the proposed VAT increase being reversed and remaining at 15% after a two-month battle over the unpopular ...

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax ...

South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...

National Treasury announced that government had backtracked on its plan to raise VAT by 0.5% next month but also warned that tough spending decisions lie ahead to fill a R75 billion budget gap.

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...

South Africa's Treasury has reversed its decision to increase Value Added Tax, a move welcomed by opposition parties and ...

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after a pushback from various political parties ...