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

The Economic Freedom Fighters (EFF) leader, Julius Malema says Finance Minister Enoch Godogwana does not have the powers to reverse the Value-Added Tax (VAT) increase because it was passed in ...

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

During its discussions with the Democratic Alliance (DA), the African National Congress (ANC) said it remained rooted in its ...

On Thursday, the Treasury backed down, saying it would scrap the planned Vat hike, cut spending to fill a R75 billion gap in ...

The South African Revenue Service (SARS) has assured the public that it will ensure it will make adjustments to accommodate the withdrawal of the 0.5% increase in the Value-Added Tax (VAT).

The South African government on Thursday cancelled a proposed tax increase that had threatened to collapse the unity government after a pushback from various political parties. Finance Minister Enoch ...

SOUTH Africans heaved a collective sigh of relief after the government reversed a decision to impose the divisive value added tax (VAT). However, this relief has emerged as a source for parties in and ...

Finance Minister Enoch Godongwana has shrugged off mounting calls for his resignation following a dramatic backtrack on a proposed VAT hike that sent shockwaves through South Africa's fragile ...

While civil society celebrates the cancellation of the VAT hike, they caution that austerity measures may jeopardise ...

The DA is not and has never been a pro-poor party, and the fact that it fought against the VAT increase which would have ...

Political parties were quick to claim victory after the National Treasury’s announcement in the early hours of Thursday, 24 April, that the 0.5 percentage point VAT increase would be scrapped.