Finance Minister Enoch Godongwana has officially abandoned plans to raise the Value Added Tax (VAT) rate from 15% to 15.5%—a move initially set for 1 May...
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....
The International Monetary Fund (IMF) has delivered yet another blow to South Africa’s economic outlook, slashing its 2025 growth forecast to just 1.0%, down from its...
South Africa’s Finance Minister Enoch Godongwana has stood firm on the controversial 0.5% increase in value-added tax (VAT), scheduled to take effect on May 1, saying...
South Africa is standing on a political and economic knife’s edge. A proposed increase in Value Added Tax (VAT) has not only sent shockwaves through households...
South Africa could end up paying a steep price for its international borrowing strategy after a global risk sell-off triggered by President Donald Trump’s sweeping tariff...
As South Africa’s political leaders scramble to finalise the 2025 budget, a fierce debate has erupted over how best to raise revenue—and whether the country can...
President Cyril Ramaphosa has made it clear that while the National Treasury will examine alternatives to the planned VAT increase for 2025, there are no guarantees...
The African National Congress (ANC) has secured majority approval in the Standing Committee on Finance to adopt the 2025 budget framework, despite strong opposition from the...
While much of the attention around South Africa’s 2025 budget has focused on headline-grabbing changes like the VAT hike and frozen tax brackets, a series of...