The South African rand was marginally stronger in early trade on Thursday after the finance ministry said it was withdrawing ...

The South African rand was marginally stronger in early trade on Thursday, after the finance ministry said it was withdrawing ...

The VAT increase to 15.5% scheduled for 1 May, next week, has been reversed following a statement issued in the early hours ...

After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...

In an overnight media statement, the Treasury announced that Finance Minister Enoch Godongwana would be reversing the ...

The planned VAT hike had been challenged in court. Godongwana had argued in court papers that failure to raise the VAT would ...

South Africa will not increase its value-added tax (VAT) from May 1 as announced in the 2025 budget, the finance ministry ...

The ANC said it had reached common ground with the involved parties and would outline the next steps during Thursday ...

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 ...

The finance ministry in a midnight announcement said the decision was informed by consultations with political parties ...

South Africans can breathe a sigh of relief knowing that the controversial VAT increase will not go ahead – but government ...

The proposed VAT increase has been reversed. National Treasury issued a statement after midnight to say that the Value-Added ...