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

South Africa's rand was steady on Friday as investors awaited clarity on a disputed national budget which has roiled domestic markets. At 1236 GMT, the rand traded at 18.8125 against the dollar , near ...

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 South African government on Thursday cancelled a proposed tax increase that had threatened to collapse the unity government after a pushback from various political parties. Finance Minister Enoch ...

On Thursday, the Treasury backed down, saying it would scrap the planned Vat hike, cut spending to fill a R75 billion gap in ...

During its discussions with the Democratic Alliance (DA), the African National Congress (ANC) said it remained rooted in its ...

SARS has announced the cancellation of the planned VAT increase, following Finance Minister Enoch Godongwana's decision to ...