A midnight deal that saw the National Treasury drop the VAT increase and reach a possible out-of-court settlement on the DA’s ...

South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...

National Treasury announced that government had backtracked on its plan to raise VAT by 0.5% next month but also warned that tough spending decisions lie ahead to fill a R75 billion budget gap.

One of the commitments in the National Development Plan Vision 2030 is to eradicate food poverty by 2030,' stated Hendricks.

The Democratic Alliance has claimed credit for the about-turn by the treasury on the tax, saying its legal team had presented a strong case against the flawed parliamentary process used to adopt the f ...

The Economic Freedom Fighters (EFF) notes and welcomes the decision by the incompetent Minister of Finance, Enoch Godongwana, and the National Treasury to withdraw the misguided, ill-conceived, and ...

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

Reversal of VAT increases a hard-won victory for the working class, a call against austerity ...

Various organisations have welcomed the National Treasury’s withdrawal of the proposed value-added tax (VAT) increase of 0.5 percentage points this year and next and that VAT will be maintained at 15% ...

Though ‘severely damaged and dented’, it remains possible that the GNU will endure, analyst says. South Africa’s coalition ...

South Africa’s coalition government appears likely to remain intact after the National Treasury abandoned a divisive plan to ...

Following the withdrawal of the controversial value-added tax (VAT) increase, ahead of planned implementation on May 1, the Economic Freedom Fighters (EFF) is calling for the resignation of Finance ...