South Africa's rand was steady on Friday as investors awaited clarity on a disputed national budget which has roiled domestic ...

South Africa's rand firmed on Friday as investors awaited clarity amid a dispute over the national budget that has rattled ...

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

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

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into ...

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 has dropped plans to increase value-added tax (VAT), in a major climbdown to prevent the ...

GNU not out of the woods: Despite the VAT hike U-turn, the GNU is still under pressure due to the notable disagreements over ...

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned value-added tax hike, despite opposition calls for him to quit. "My job ...

SARS says it acknowledges that vendors and consumers have invested in preparing for an increase in VAT during a period of uncertainty. It says vendors are expected to continue to charge VAT at the ...

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

With the recent VAT freeze, South African shoppers facing high grocery prices can find potential relief for their budgets.