News

The South African on MSN4h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT. What does this ...
Briefly on MSN1h
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 ...
Politicsweb1h
Scrapping of 0.5% VAT increase welcomed - ANC Caucus
The Caucus of the African National Congress (ANC) in Parliament welcomes the announcement by the Minister of Finance to stop ...
BusinessTech7h
Bad news for anyone paying income tax in South Africa
While all the focus is on the reversal of the VAT hike in South Africa, individual taxpayers are still on the hook almost R20 ...
The Citizen9h
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 ...
ANC U-turn over tax that threatened South Africa's government
The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that had threatened the country's coalition government.
Politicsweb7h
VAT hike: No drama, just results – BOSA
No drama, just results: BOSA plays principled role in stopping 0.5%-point VAT hike Following weeks of intense deliberation ...
News2416h
Treasury scraps controversial VAT hike — government faces R75bn cuts instead
After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...