Finance Minister Enoch Godongwana has pushed ahead with ‘the difficult decision’ to propose a VAT hike in his reworked 2025 Budget Speech delivered yesterday (Wednesday).

Divisions over elements of the budget means the finance minister will need support from a range of political parties to get ...

The South African Communist Party strongly opposes Finance Minister Godongwana's proposed VAT increases, arguing they will ...

Something odd is happening with the readership of South African news websites; it's dropping like a stone. Why? Is that ...

The 2025 budget proposals are out at last! The good news is that VAT is not going all the way up to 17% (yet), but individuals will feel the fiscal drag due to a lack of inflation-based adjustments.

South Africa's rand extended its losses early on Thursday before manufacturing and mining data releases, a day after the ...

Business leaders have warned that South Africa cannot get complacent thinking that the tabled budget on Wednesday (12 March) is a done deal, saying that it has not been passed, and great uncertainty ...

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living ...

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a ...

ONE of the biggest issues with the budget every year is that South Africa is not investing in growth-enhancing initiatives with a significant proportion of the budget going to paying off debt and ...

Mixed reactions to South Africa's recent VAT increase, as critics argue it disproportionately affects the poor and working classes, sparking calls for alternative fiscal measures.

There is a particular way the incoming VAT increase will work in South Africa over the next two years. Here's how.