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South African rand gains after VAT increase withdrawn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 ...
The Citizen5h
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 ...
News2417m
DA under fire for ‘hijacking’ VAT reversal win. Other parties accuse it of holding budget hostage
National Treasury announced that government had backtracked on its plan to raise VAT by 0.5% next month but also warned that tough spending decisions lie ahead to fill a R75 billion budget gap.
Politicsweb2h
VAT to stay at 15% - Enoch Godongwana
The Minister of Finance will shortly introduce the Rates and Monetary Amounts and the Amendment of Revenue Laws Bill (Rates ...
Polity.org.za8h
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 ...
EWN6h
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 – ...
Moneyweb6h
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.za6h
Parties take aim at DA, saying VAT hike victory not a result of court action
The African National Congress (ANC) and nine other political parties on Thursday rubbished claims by the Democratic Alliance ...
VAT victory should see Finance Minister Enoch Godongwana adjusting projected growth rate
Frank Blackmore, lead Economist at KPMG, told Business Report that he thinks this was good news for most South Africans as it ...
Philstar.com1h
9 more essential medicines exempted from VAT
The Food and Drug Administration  has added nine drug products to the list of essential medicines that are exempted from ...