The South African government’s decision to walk back a planned VAT increase has left a gaping R75 billion hole in the national budget—one that economists warn...
South Africa’s Finance Minister, Enoch Godongwana, has taken a decisive step by shelving the proposed VAT increase originally set to take effect from 1 May 2025....
As the Democratic Alliance (DA) fights to block a controversial VAT hike in the Western Cape High Court, the Economic Freedom Fighters (EFF) have intensified the...
Parliament has approved the national budget framework in a tense vote, with 194 lawmakers in favor and 182 against. While the ruling African National Congress (ANC)...
In his recent Budget Speech, Finance Minister Enoch Godongwana introduced a controversial proposal to raise South Africa’s Value Added Tax (VAT) by 1% over the next...
Finance Minister Enoch Godongwana has cast doubt on South Africa’s ability to fund the National Health Insurance (NHI) scheme, suggesting that even Health Minister Aaron Motsoaledi...
South Africa’s proposed increase in the Value-Added Tax (VAT) rate from 15% to 16% has sparked widespread debate and opposition. Finance Minister Enoch Godongwana announced the...
Can This Investment Deliver Real Economic Growth? The South African government has announced an ambitious R1.03 trillion infrastructure investment plan over the next three years, aiming...
Finance Minister Enoch Godongwana unveiled South Africa’s 2025 budget with an important announcement for social grant recipients. The government is increasing social grant spending by 5.9%,...
South Africa is on the brink of a tax revolt as the government considers new tax hikes to cover a widening budget shortfall. Economists and business...