South Africa’s business community has welcomed the government’s decision to scrap the proposed VAT increase—but warns that the fiscal challenges behind the move are far from over. The National Treasury announced on Thursday that the planned increase of the value-added tax (VAT) from 15% to 15.5%—originally scheduled for implementation on May 1—would no longer go … Continue reading VAT Hike Reversal Eases Pressure for Now, But Business Warns of Tough Fiscal Road Ahead