News

South African rand marginally stronger after VAT hike withdrawn
The South African rand was marginally stronger in early trade on Thursday, after the finance ministry said it was withdrawing ...
The Citizen1h
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 ...
Polity.org.za2h
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 ...
TechCentral7h
VAT hike scrapped
The planned VAT hike had been challenged in court. Godongwana had argued in court papers that failure to raise the VAT would ...
Briefly on MSN3h
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 ...
EWN1h
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 – ...
Moneyweb2h
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.za4h
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 ...
South Africa abandons planned VAT hike after pushback
South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of ...
The South African3h
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South Africa's finance minister has officially withdrawn the proposed 0.5% increase in VAT.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 ...