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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 2h

South Africa's finance minister says he won't resign after VAT U-turn

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned value-added tax hike, despite opposition calls for him to quit."My job is to introduce money bills - nothing says they must be popular,

Bloomberg · 5h

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 increase that threatened to rupture the nation’s coalition government.

The Financial Times · 11h

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”,

South Africa and Ukraine woo each other

Associated Press News on MSN · 13h

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 · 14h

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.

France 24 on MSN · 2h

South Africa : Ramaphosa backs unconditional ceasefire in Ukraine war

Pretoria says it is ready to cultivate peace efforts over Russia's invasion of Ukraine... as well as welcoming Vladimir Zelensky to South Africa, President Ramaphosa has been busy talking to key

10hon MSN

South African rand stable after VAT hike withdrawn, markets await budget clarity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

13hon MSN

South Africa scraps proposed tax increase after pushback from coalition partners and opposition

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

4hon 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 ...

15hon MSN

Zelensky cuts short South Africa visit after Russian attack on Kyiv

At least nine people were killed and more than 70 injured, including children, in the attack in Ukraine, officials say.

8hon MSN

Emerging economies face longer period of tighter financing, South African central banker says

Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free ...

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