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South African rand stable after VAT hike withdrawn, markets await budget clarity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 ...
The South African on MSN19h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...
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 ...
The Africa Report18h
South Africa’s budget impasse is over, but coalition disputes remain
South Africa’s Finance Minister Enoch Godongwana has reversed his contentious proposed 0.5% value-added tax (VAT) hike, but ...
The South African on MSN6h
VAT’s happening? Nando’s pokes fun at tax turnaround
VAT in the world? Nando's has weighed into government's last-minute tax turnaround following a clash within the ...
ANC U-turn over tax that threatened South Africa's government
The hike was also opposed by the biggest trade union federation, the Congress of South African Trade Union (Cosatu), which is in alliance with the ANC. Even the head of the government's tax agency ...
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 ...
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 ...