News

The Citizen3h
WATCH: Suspension of VAT increase ‘necessary intervention,’ Malema says
Malema also called for the resignation of Enoch Godongwana and National Treasury Director-General Duncan Pieterse.
Good news about VAT increase
The Western Cape High Court ruled that the fiscal framework that Parliament adopted must be set aside, formally suspending a ...
Moneyweb10h
Court halts proposed Vat hike
It brings to an end a dispute between the two largest parties in South Africa’s government of national unity over the revenue ...
ANC U-turn over tax that threatened South Africa's government
The hike was also opposed by the biggest trade union federation, the Congress of South African Trade Union (Cosatu), which is in alliance with the ANC. Even the head of the government's tax agency ...
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 ...
The Citizen4d
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 ...
The South African on MSN4d
EFF calls for ‘incompetent’ Godongwana’s head over VAT increase reversal
The EFF is one of the political parties which rejected the VAT increase and even went to court to challenge the matter.
VAT hikes can raise tax without hurting the poor: an economist sets out the evidence
Tax experts usually refer to the three Es in taxes – equity, efficiency and ease of administration. A VAT increase, done ...