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 ...

South African finance minister Enoch Godongwana has dropped a planned VAT increase that would have seen value-added tax ...

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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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

Scrapping the VAT increase will slightly affect inflation, but government will have to find the money elsewhere to balance the budget.

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