South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a ...

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

Legal experts say the reversal of the planned VAT hike in South Africa faces a massive hurdle, given that the fiscal ...

South Africa’s Finance Minister Enoch Godongwana has reversed his contentious proposed 0.5% value-added tax (VAT) hike, but ...

The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity ...

South Africa's rand was little changed in early trade on Friday as investors awaited clarity on a disputed national budget which has roiled domestic markets in recent weeks.

With National Treasury announcing the reversal of the contentious 0.5 percentage points VAT hike on Thursday (24 April), ...

A midnight deal that saw the National Treasury drop the VAT increase and reach a possible out-of-court settlement on the DA’s ...

Spread This News BBC Enoch Godongwana’s decision came after the second-biggest party, the Democratic Alliance (DA), ...

As far as SASSA and the VAT freeze go, can above-inflation increases for 2025 be reversed after just one month?

The Democratic Alliance claimed victory for the reversal of the VAT increase, but other political parties are not impressed ...

South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...