Finance Minister warns that a wealth or ‘apartheid redress’ tax could do more harm than good When it comes to taxing the rich, South Africa’s Finance...
Why taxing South Africans more isn’t the fix and what the government plans instead South Africans have long felt the pinch of rising taxes and now,...
South Africans may want to hold onto their wallets a little tighter. The National Treasury has signaled that more tax hikes are likely on the horizon,...
Earlier this year, when whispers of a possible VAT increase made their way into the national conversation, South Africans braced for impact. The proposed 0.5% hike...
The Economic Freedom Fighters (EFF) will stage a “VAT Victory March” in Pretoria on Monday, moving from the Union Buildings to the National Treasury offices. The...
With the third and likely final attempt at a national budget due on 21 May 2025, South Africa is at a financial crossroads. According to Busi...
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...
The African National Congress (ANC) appears ready to abandon its controversial plan to increase South Africa’s value-added tax (VAT) by 0.5 percentage points, following strong resistance...