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Finance Minister Enoch Godongwana has announced the withdrawal of the proposed VAT increase of 0.5 percentage points.

Their new budget framework is the most irresponsible in modern history—and will put the American economy on a very dangerous trajectory.

The government's last-minute reversal of the VAT hike sparked criticism, as businesses had already spent millions.

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The Democratic Alliance (DA) welcomes Treasury’s announcement that it intends to withdraw the planned VAT hike. This is a major victory for the DA and, more importantly, for millions of South Africans ...