News

South African rand stable after VAT hike withdrawn, markets await budget clarity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 ...
The Citizen13h
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 ...
BusinessTech4h
Big question over VAT reversal in South Africa
With National Treasury announcing the reversal of the contentious 0.5 percentage points VAT hike on Thursday (24 April), ...
Briefly on MSN5h
Democratic Alliance Celebrates VAT Hike Reversal, Political Parties Maintain It Wasn’t DA Alone
The Democratic Alliance claimed victory for the reversal of the VAT increase, but other political parties are not impressed ...
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 ...
The South African on MSN15h
VAT Freeze: What it means for the price of basic goods in SA
South Africa's finance minister has officially withdrawn the proposed 0.5% increase in VAT. What does this mean for basic ...
Briefly on MSN16h
Enoch Godongwana Scraps Proposed VAT Hike, SA Suggests How Government Can Negate Expected Shortfall
Finance Minister Enoch Godongwana has scrapped the proposed VAT hike, and while many are celebrating, they're also suggesting ...
Daily Maverick on MSN19h
VAT increase withdrawn, expenditure adjustments on the cards
In a media statement issued on its website in the middle of the night, the National Treasury announced the reversal of the ...