News

Trade war is "tax without revenue", says Sarb Governor Lesetja Kganyago
"Lesetja Kganyago, Governor of the South African Reserve Bank, discusses the impact of global trade tensions on financial stability during a G20 meeting in Washington D. C. , emphasising the need for ...
Massive triumph for political organisations as treasury scraps 0. 5% VAT increase
Godongwana has announced that the National Treasury would no longer be implementing the controversial 0. 5 percentage points ...
Daily Maverick on MSN2h
It was a difficult process, says Mbalula on VAT withdrawal as uncertainty looms over budgetary shortfall
While the DA and other parties celebrated the withdrawal of the 0.5 percentage point VAT increase, they haven’t figured out ...
Briefly on MSN3h
Eskom announces sudden Stage 2 loadshedding, SA believes it's because the VAT hike was scrapped
Eskom has implemented Stage 2 loadshedding on short notice, but many said they expected it after the VAT increase was ...
R408 million allocated for taxi industry relief raises eyebrows
Build One South Africa leader Mmusi Maimane raises critical concerns after the Transport Department allocated R408 million in ...
AllAfrica on MSN3h
DA Stops Tax Hike That Would Have Hurt Millions [press release]
The Democratic Alliance (DA) welcomes Treasury's announcement that it intends to withdraw the planned VAT hike. This is a major victory for the DA and, more importantly, for millions of South Africans ...
DA continues court challenge against VAT increase despite settlement offer
The DA plans to continue its court challenge against the proposed VAT increase, asserting that only Parliament has the ...
Kenny Kunene criticises DA for hypocrisy over VAT victory claims
Kenny Kunene, deputy leader of the Patriotic Alliance, accuses the DA of misleading South Africans by taking credit for the ...
Daily Maverick on MSN4h
DA claims win in Treasury VAT U-turn, says ANC ‘deception happens repeatedly’ in GNU
The DA’s ‘muscle in the courts’ was behind Finance Minister Enoch Godongwana’s decision to scrap the VAT increase, says DA ...
Rand strengthens following government’s VAT increase cancellation
Following Finance Minister Enoch Godongwana's announcement to cancel the controversial VAT increase, South Africa's Rand has ...
Godongwana's VAT reversal plunges parliamentary programme into turmoil
Finance Minister Enoch Godongwana's recent decision to reverse the 0. 5% VAT increase as slated in the 2025-26 budget has ...
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 ...