News

The Citizen9h
A R1 billion U-turn: Scrapping the VAT increase leaves no winners, just absolute chaos
The minister of finance announced in a statement loaded on National Treasury’s website at 15 minutes after midnight that the ...
AllAfrica on MSN11h
South Africa: Proposed VAT Increase to Be Reversed
National Treasury's proposed 0.5% Value-Added Tax (VAT) increase is expected to be withdrawn when Finance Minister Enoch ...
Moneyweb6h
GNU intact as Treasury drops tax hike
Though ‘severely damaged and dented’, it remains possible that the GNU will endure, analyst says. South Africa’s coalition ...
South Africa's VAT decision: Genuine relief or a mere illusion?
While the government's decision to scrap a VAT increase seems compassionate, experts warn it merely obscures the deeper ...
Politicsweb6h
Reversal of VAT increases a hard-won victory – SACP
Reversal of VAT increases a hard-won victory for the working class, a call against austerity ...
BusinessTech16h
Treasury stopping VAT increase in South Africa
The Minister of Finance, Enoch Godongwana, will soon formalise measures to reverse the highly contested and reviled VAT hike ...
The South African on MSN8h
EFF calls for ‘incompetent’ Godongwana’s head over VAT increase reversal
The EFF is one of the political parties which rejected the VAT increase and even went to court to challenge the matter.
Politicsweb48m
Scrapping of 0.5% VAT increase welcomed - ANC Caucus
The Caucus of the African National Congress (ANC) in Parliament welcomes the announcement by the Minister of Finance to stop ...
News2416h
Treasury scraps controversial VAT hike – government faces R75bn cuts instead
After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...
BusinessTech4d
South African taxpayers lost R521 billion bailing out corrupt and mismanaged state-owned enterprises
South African taxpayers have forked out an estimated R521 billion over the last 15 years to keep State-Owned Enterprises ...