News

The South African6h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...
SAnews35m
SARS ready to accommodate 0.5% VAT increase withdrawal
The South African Revenue Service (SARS) has assured the public that it will ensure it will make adjustments to accommodate the withdrawal of the 0.5% increase in the Value-Added Tax (VAT).
The Africa Report5h
South Africa’s budget impasse is over, but coalition disputes remain
South Africa’s Finance Minister Enoch Godongwana has reversed his contentious proposed 0.5% value-added tax (VAT) hike, but ...
South Africa scraps proposed tax increase after pushback from coalition partners and opposition
The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...
South Africa's average nominal pay dips as economic challenges loom
BankservAfrica reported a decline in average nominal take-home pay, highlighting ongoing economic challenges and the impact ...
The Citizen1d
JUST IN: VAT to remain at 15%, hike reversed, Treasury announces
The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...
News241d
Treasury scraps controversial VAT hike — government faces R75bn cuts instead
After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...