The South African government’s 2025/26 Budget proposal, which includes a phased 2% increase in Value Added Tax (VAT) over two years, has ignited a fierce national...
Finance Minister Enoch Godongwana has firmly rejected calls for his resignation following the government’s decision to reverse a proposed increase in value-added tax (VAT). Despite widespread...
A major dispute has unfolded surrounding the future of Ithala Bank, a provincially owned financial institution facing liquidation, with the KZN government seeking a R2.2 billion...
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...
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...