News

Why did South Africa reverse a VAT increase?
South Africa's finance minister drops plan to increase value-added tax (VAT), in a major climbdown to prevent the collapse of the coalition government. 10,000 illegal settlers reportedly removed from ...
South African rand stable as investors await budget clarity
South Africa's rand was steady on Friday as investors awaited clarity on a disputed national budget which has roiled domestic ...
SARS Confirms: VAT hike is dead - but the fallout is just beginning
SARS has announced the cancellation of the planned VAT increase, following Finance Minister Enoch Godongwana's decision to ...
CCE Online News2h
South Africa’s VAT Reversal: What It Means for the Construction Sector and the Economy”
For the construction industry, this development is more than just a fiscal policy change — it could have far-reaching ...
Briefly on MSN1h
Gareth Cliff’s Controversial VAT Remarks Ignite Heated Reactions Across Mzansi
Outspoken South African media personality Gareth Cliff once again sparked an online debate after posting a controversial ...
The Africa Report7h
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 ...
NewZimbabwe.com11h
South Africa reverses VAT increase that threatened ANC-DA coalition
Spread This News BBC Enoch Godongwana’s decision came after the second-biggest party, the Democratic Alliance (DA), ...
The South African8h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...