For every rand the South African government spends, 22 cents goes toward paying off debt—a figure significantly higher than in peer economies. This high debt servicing...
South Africa’s Finance Minister, Enoch Godongwana, unveiled the country’s revised 2025 budget on Wednesday, announcing a smaller-than-planned value-added tax (VAT) increase. However, the decision has been...
South Africa’s shelved 2025 Budget, which proposed raising over R60 billion through a VAT hike, may have been destined to fail from the outset, economists warn. The plan, which...
If the National Treasury pushes ahead with a Value Added Tax (VAT) hike as proposed in the shelved 2025 Budget, South Africa could face an unexpected...