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)...
The ANC has identified the proposed VAT increase as the primary issue causing tension in ongoing budget negotiations. The finance minister’s budget proposal includes a one-percentage-point...
South Africa’s tax base is under growing strain, with economists warning that higher taxes could trigger a collapse in revenue collection. According to the latest tax...
South Africans earning more than R20,000 per month are facing a severe financial crisis, with confidence levels crashing to alarming lows. The latest FNB/BER Consumer Confidence Index...
South Africa’s retail sector has reached its highest confidence levels in a decade, fueled by strong consumer spending and motor trade growth. According to the latest...
The 2025 Budget Speech, delivered by Finance Minister Enoch Godongwana, has introduced significant fiscal measures aimed at addressing South Africa’s economic challenges. Among the most debated...
DStv subscribers will soon pay more for their packages after MultiChoice announced its annual price and product adjustments for DStv and Showmax. In a statement, MultiChoice...
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...
South Africa’s 2025 budget has sparked mixed reactions, particularly from the agricultural sector. While Finance Minister Enoch Godongwana’s decision to avoid increasing the fuel levy and...
Finance Minister Enoch Godongwana’s announcement of a VAT increase from 15% to 15.5% has sparked widespread concern, particularly among low-income households. Effective May 2025 (pending parliamentary...