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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 7h

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

Bloomberg · 2h

South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government.

The Financial Times · 8h

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

South Africa and Ukraine woo each other

Reuters on MSN · 6h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

BBC on MSN · 21h

Why South Africa and Ukraine are wooing each other - and what will Trump think?

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the once-strained relations between the two nations. The visit marks a diplomatic breakthrough for the Ukrainian leader in his efforts to counter Russia's strong - and growing - influence in Africa.

Associated Press News · 7h

Ramaphosa to meet Trump ‘soon’ to discuss strained South Africa-US relations

South African President Cyril Ramaphosa said he will ‘’soon'' meet U.S. President Donald Trump to discuss relations between the two countries.

10hon MSN

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 ...

South African power utility to implement ‘Stage 2’ power cuts

South African state power utility Eskom said on Thursday that it would implement “Stage 2” scheduled power cuts from 1600 ...

11hon MSN

Zelensky cuts short South Africa visit after Russian attack on Kyiv

At least nine people were killed and dozens injured, including children, in the attack in Ukraine, officials say.

1hon MSN

‘American Pie’ star Shannon Elizabeth met her ‘soul mate’ in South Africa

American Pie” star Shannon Elizabeth reveals she had to make some adjustments after moving to South Africa, where she met her ...

5hon MSN

Emerging economies face longer period of tighter financing, South African central banker says

Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free ...

11hon MSN

Zelensky cancels part of South Africa trip after deadliest Russian attack on Kyiv since July

The overnight missile and drone attacks across Ukraine came after President Trump criticised President Zelensky's approach to ...

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