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...
KwaZulu-Natal’s Finance MEC, Francois Rodgers, has moved to clarify the source of ongoing supplier payment delays affecting provincial departments, pointing to a national systems overhaul rather...
In a surprise reversal, Finance Minister Enoch Godongwana has confirmed that South Africa’s VAT rate will remain at 15% — a decision that offers relief to...
Finance Minister Enoch Godongwana has officially abandoned plans to raise the Value Added Tax (VAT) rate from 15% to 15.5%—a move initially set for 1 May...
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....
The International Monetary Fund (IMF) has delivered yet another blow to South Africa’s economic outlook, slashing its 2025 growth forecast to just 1.0%, down from its...
South Africa’s Finance Minister Enoch Godongwana has stood firm on the controversial 0.5% increase in value-added tax (VAT), scheduled to take effect on May 1, saying...
South Africa is standing on a political and economic knife’s edge. A proposed increase in Value Added Tax (VAT) has not only sent shockwaves through households...
South Africa could end up paying a steep price for its international borrowing strategy after a global risk sell-off triggered by President Donald Trump’s sweeping tariff...
As South Africa’s political leaders scramble to finalise the 2025 budget, a fierce debate has erupted over how best to raise revenue—and whether the country can...