News

SA People on MSN19m
Businesses take a knock as government backtracks on VAT hike
The government's abrupt U-turn on the VAT hike drew backlash, with businesses lamenting the millions already spent in ...
BusinessTech1h
South Africa heading for a serious crisis
Award-winning economist Dawie Roodt warns that South Africa is heading towards a serious financial crisis, with runaway ...
ANC U-turn over tax that threatened South Africa's government
The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that had threatened the country's coalition government.
The Citizen2h
GNU stumbles as VAT hike U-turn heightens ANC-DA tensions
The VAT hike reversal has deepened fractures in the GNU and raised questions about who really calls the shots in fiscal ...
The South African on MSN2h
SASSA and the VAT freeze: Can grant increases be withdrawn?
As far as SASSA and the VAT freeze go, can above-inflation increases for 2025 be reversed after just one month?
News241d
Treasury scraps controversial VAT hike — government faces R75bn cuts instead
After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...
The Citizen1d
JUST IN: VAT to remain at 15%, hike reversed, Treasury announces
The proposed VAT increase has been reversed and will remain at 15%, ending a two-month battle and legal challenges over the unpopular tax hike. The treasury made the announcement shortly after ...
The South African on MSN14h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...