For the construction industry, this development is more than just a fiscal policy change — it could have far-reaching ...

South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of ...

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

South Africa withdraws a VAT hike that threatened the coalition government. Ghana evicts thousands from a forest reserve and why is shea butter harder to harvest in Uganda Show more South Africa's ...

South Africa's 2025-6 budget has been subjected to more comment than usual. This is due to the political tensions generated by a proposed increase in value added tax (VAT). South Africa's choices ...

Legal experts say the reversal of the planned VAT hike in South Africa faces a massive hurdle, given that the fiscal framework has been approved and adopted by parliament. Finance minister Enoch ...

JOHANNESBURG (Reuters) -South Africa will not increase its value-added tax (VAT) from May 1 as announced in the 2025 budget, the finance ministry said on Thursday. The National Treasury had ...

National Treasury's proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch Godongwana introduces the Rates and Monetary Amounts and the Amendment of ...

South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of the ruling coalition government. The proposal to raise VAT by 1 ...