News

South African rand stable after VAT hike withdrawn, markets await budget clarity
The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...
South Africa scraps proposed tax increase after pushback from coalition partners and opposition
The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...
The Citizen7h
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 MSN2h
Eskom Announces Sudden Stage 2 Loadshedding, SA Believes It’s Because the VAT Hike Was Scrapped
Eskom has implemented Stage 2 loadshedding on short notice, but many said they expected it after the VAT increase was scrapped by the Finance Minister.
Politicsweb5h
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 ...
The South African on MSN9h
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South Africa's finance minister has officially withdrawn the proposed 0.5% increase in VAT.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 ...
News2414h
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 ...
Politicsweb5h
Reversal of VAT increases a hard-won victory – SACP
Reversal of VAT increases a hard-won victory for the working class, a call against austerity ...