News

South African rand gains after VAT increase withdrawn
The South African rand gained slightly on Thursday after the finance ministry said it was withdrawing a contentious increase ...
Politicsweb14m
As promised: VAT victory secured for people of SA – Herman Mashaba
As you have heard today, when South Africans wake up on 1 May 2025, Worker’s Day, they will pay the same for their goods and ...
The Citizen2h
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 ...
EWN25m
DA moves ahead with court application to challenge country’s VAT legislation
This is despite the VAT increase reversal by National Treasury as it prepares to settle out of court in the part the ...
Briefly on MSN5h
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 ...
Engineering News24m
Organisations welcome Treasury's decision not to increase VAT, but questions remain
Various organisations have welcomed the National Treasury’s withdrawal of the proposed value-added tax (VAT) increase of 0.5 percentage points this year and next and that VAT will be maintained at 15% ...
EWN10m
MK Party calls for resignation of Finance Minister over VAT u-turn
The MK Party, which has been against the hike’s implementation, says the decision proves Godongwana has failed to lead in his ...
Moneyweb3h
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 ...
Polity.org.za5h
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 ...
Politicsweb14m
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 ...