News

South African rand marginally stronger after VAT hike withdrawn
The South African rand was marginally stronger in early trade on Thursday, after the finance ministry said it was withdrawing ...
EWN10m
Political parties claim withdrawal of VAT hike not due to DA, EFF court challenge
Despite being a GNU partner, the DA took its bid to reject the 0.5 percentage point VAT hike to the Western Cape High Court – ...
Moneyweb31m
Godongwana’s Vat rewind may hit legal wall
Kyle Mandy, tax partner at PwC, says that Section 7 (4) of the Vat Act operates as the law stands now because the minister ...
South Africa to withdraw planned VAT hike, finance ministry says
South Africa will not increase its value-added tax (VAT) from May 1 as announced in the 2025 budget, the finance ministry ...
Briefly on MSN2h
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 ...
Biznews5h
VAT freeze triggers budget reboot
Key topicsVAT to stay at 15% from 1 May 2025, cancelling planned hikeR75 bn revenue gap prompts withdrawal of budget bills ...
TechCentral5h
VAT hike scrapped
The planned VAT hike had been challenged in court. Godongwana had argued in court papers that failure to raise the VAT would ...
Polity.org.za2h
DA celebrates VAT hike reversal, questions Godongwana’s decision
The Democratic Alliance (DA) on Thursday expressed jubilation at Finance Minister Enoch Godongwana’s reversal of the ...
EWN18m
EFF, MK Party call for Godongwana's head following VAT hike reversal
The EFF said Enoch Godongwana’s budget was misguided, ill-conceived and reckless; and he poses a threat to the country’s ...
The South African1h
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South Africa's finance minister has officially withdrawn the proposed 0.5% increase in VAT.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 ...