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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 5h

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

The Financial Times · 6h

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

Independent Online (IOL) on MSN · 7h

VAT increase reversal seen as a step towards economic stability in South Africa

South Africa's Treasury has reversed its decision to increase Value Added Tax, a move welcomed by opposition parties and analysts as a step towards sustainable fiscal policies amidst economic challenges.

South Africa and Ukraine woo each other

Reuters on MSN · 5h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

Associated Press News on MSN · 9h

Zelenskyy says he’s cutting short a visit to South Africa after Russian attacks on Kyiv

PRETORIA, South Africa (AP) — Ukrainian President Volodymyr Zelenskyy arrived in South Africa for a state visit Thursday following U.S. President Donald Trump’s new accusations that he is prolonging the war against Russia by pushing back against any plan to give up Ukrainian territory in a peace deal.

U.S. News & World Report · 9h

South Africa's President Spoke to Trump on Ukraine, Bilateral Ties

JOHANNESBURG (Reuters) - South Africa's President Cyril Ramaphosa said in a post on social media platform X on Thursday that he had spoken to U.S. President Donald Trump on the peace process in Ukraine and the need to foster good bilateral relations.

1h

South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax ...

6h

Ramaphosa to meet Trump ‘soon’ to discuss strained South Africa-US relations

South African President Cyril Ramaphosa said he will ‘’soon'' meet U.S. President Donald Trump to discuss relations between ...

7hon MSN

ANC U-turn over tax that threatened South Africa's government

The finance minister has warned that spending cuts or a rise in other taxes could follow.

13h

Ukraine's Zelenskyy arrives in South Africa for state visit following Trump's renewed criticism

Ukrainian President Volodymyr Zelenskyy has arrived in South Africa for a state visit following U.S. President Donald Trump’s ...

30m

India, South Africa discuss preferential trade pact through SACU bloc

SACU nations include South Africa, Namibia, Botswana, Lesotho and Eswatini and is the world's oldest customs union, over a ...

10hon MSN

Zelensky cuts short South Africa visit after Russian attack on Kyiv

At least nine people were killed and dozens injured, including children, in the attack in Ukraine, officials say.

15mon MSN

‘American Pie’ star Shannon Elizabeth met her ‘soul mate’ in South Africa

American Pie” star Shannon Elizabeth reveals she had to make some adjustments after moving to South Africa, where she met her ...

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