News

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.
The South African on MSN8h
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South Africa's finance minister has officially withdrawn the proposed 0.5 percentage point increase in VAT.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 ...
The Citizen14h
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 ...
Briefly on MSN5h
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 ...
News2421h
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 ...