South Africans are now officially working for themselves—at least in theory. On Friday, 16 May 2025, the country reached Tax Freedom Day, a symbolic milestone that...
President Cyril Ramaphosa says South Africa’s slow economic growth is being held back by deep-rooted structural and regulatory inefficiencies — but reforms are on the horizon....
South Africa is teetering on the edge of a financial disaster, according to award-winning economist Dawie Roodt, who warns that ballooning debt and runaway government spending...
The South African government’s decision to walk back a planned VAT increase has left a gaping R75 billion hole in the national budget—one that economists warn...
South Africa’s Finance Minister, Enoch Godongwana, has taken a decisive step by shelving the proposed VAT increase originally set to take effect from 1 May 2025....
As the Democratic Alliance (DA) fights to block a controversial VAT hike in the Western Cape High Court, the Economic Freedom Fighters (EFF) have intensified the...
Parliament has approved the national budget framework in a tense vote, with 194 lawmakers in favor and 182 against. While the ruling African National Congress (ANC)...
In his recent Budget Speech, Finance Minister Enoch Godongwana introduced a controversial proposal to raise South Africa’s Value Added Tax (VAT) by 1% over the next...
Finance Minister Enoch Godongwana has cast doubt on South Africa’s ability to fund the National Health Insurance (NHI) scheme, suggesting that even Health Minister Aaron Motsoaledi...
South Africa’s proposed increase in the Value-Added Tax (VAT) rate from 15% to 16% has sparked widespread debate and opposition. Finance Minister Enoch Godongwana announced the...