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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 7h

South African rand stable after VAT hike withdrawn, markets await budget clarity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 value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

The Financial Times · 9h

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

South Africa reverse controversial VAT increment - wat next?

Finance Minister for South Africa don announce di cancellation of di proposed VAT, in a statement dated 24 April 2025.

South Africa and Ukraine woo each other

Reuters on MSN · 7h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

Associated Press News on MSN · 11h

Zelenskyy says he’s cutting short a visit to South Africa after Russian attacks on Kyiv

PRETORIA, South Africa (AP) — Ukrainian President Volodymyr Zelenskyy arrived in South Africa for a state visit Thursday following U.S. President Donald Trump’s new accusations that he is prolonging the war against Russia by pushing back against any plan to give up Ukrainian territory in a peace deal.

BBC on MSN · 21h

Why South Africa and Ukraine are wooing each other - and what will Trump think?

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the once-strained relations between the two nations. The visit marks a diplomatic breakthrough for the Ukrainian leader in his efforts to counter Russia's strong - and growing - influence in Africa.

11hon MSN

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 ...

3h

South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax ...

6hon MSN

Emerging economies face longer period of tighter financing, South African central banker says

Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free ...

15h

Ukraine's Zelenskyy arrives in South Africa for state visit following Trump's renewed criticism

Ukrainian President Volodymyr Zelenskyy has arrived in South Africa for a state visit following U.S. President Donald Trump’s ...

12hon MSN

Zelensky cuts short South Africa visit after Russian attack on Kyiv

At least nine people were killed and dozens injured, including children, in the attack in Ukraine, officials say.

10h

US focuses on persecution claims as white South Africans seek resettlement

U.S. officials have interviewed white South Africans seeking refugee status about their troubles with land disputes, crime ...

1don MSN

Climate change is lifting South Africa out of the ocean, study finds

South Africa is slowly lifting out of the water—by up to 2 millimeters per year depending on the region. It had been assumed ...

8hon MSN

Durham sign South African bowler Yusuf for six games

Durham have signed South African bowler Codi Yusuf for their next six Championship games and the T20 Blast group stages.

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