South Africa’s Finance Minister, Enoch Godongwana, unveiled the country’s revised 2025 budget on Wednesday, announcing a smaller-than-planned value-added tax (VAT) increase. However, the decision has been...
South Africa’s shelved 2025 Budget, which proposed raising over R60 billion through a VAT hike, may have been destined to fail from the outset, economists warn. The plan, which...
If the National Treasury pushes ahead with a Value Added Tax (VAT) hike as proposed in the shelved 2025 Budget, South Africa could face an unexpected...