Finance Minister Enoch Godongwana's sudden VAT reversal raises questions about leadership within South Africa's Government of ...

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

The hike was also opposed by the biggest trade union federation, the Congress of South African Trade Union (Cosatu), which is ...

The increase in VAT from 15% to 15.5% was first announced earlier in 2025 as part of government measures to address fiscal ...

The South African rand strengthened in early trade on Thursday after the finance ministry said it was withdrawing a ...

Efficient Group chief economist Dawie Roodt warns that South Africa is in very deep financial trouble due to overspending and ...

Commissioner Kieswetter expressed empathy for vendors and consumers who had already invested time and resources into ...

The reversal of the VAT hike benefits South African households but also means the removal of measures to cushion some of the ...

A South African court ordered that a proposed increase in the value-added tax rate be suspended, formally scrapping the measure. The ruling on Sunday brings to an end a dispute between the two ...

South Africa’s National Treasury will scrap a proposed tax increase that threatened to rupture the nation’s coalition ...

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...

The proposed VAT increase is the latest contentious issue ... More than 20 million people in South Africa rely on welfare grants, with the unemployment rate at over 32%, according to official ...