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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 2h

South African rand stable after VAT hike withdrawn, markets await budget clarity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 · 3h

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 reverse controversial VAT increment - wat next?

Finance Minister for South Africa don announce di cancellation of di proposed VAT, in a statement dated 24 April 2025.

South Africa and Ukraine woo each other

Reuters on MSN · 1h

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.

South Africa and Ukraine woo each other - as relationships with Trump turn sour

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the once-strained relations between the two nations. The visit marks a diplomatic breakthrough for the Ukrainian leader in his efforts to counter Russia's strong - and growing - influence in Africa.

Bloomberg on MSN · 5h

Ramaphosa, Trump Agree to Meet to Discuss South Africa-US Ties

South African President Cyril Ramaphosa spoke with Donald Trump about relations between the two countries, which have deteriorated since the US president returned to office in January.

1h

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 ...

2h

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 ...

4hon 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.

South African power utility to implement ‘Stage 2’ power cuts

South African state power utility Eskom said on Thursday that it would implement “Stage 2” scheduled power cuts from 1600 ...

5hon 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 ...

6hon 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.

The Economist2h

Why Ukraine is losing the war for African opinion

Donald Trump, keen to improve American relations with Russia, has threatened to withdraw military support from Ukraine and is ...

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