JOHANNESBURG (Reuters) -South Africa on Thursday scrapped plans to raise value-added tax after a political backlash that threatened the stability of the ruling coalition government. The proposal to ...

The 2025 Budget Speech delivered by Finance Minister Enoch Godongwana highlighted significant fiscal measures aimed at addressing South Africa’s economic challenges. The budget highlighted the ...

JOHANNESBURG (Reuters) - For South African beverage company owner, Ndumiso Madlala, the impending value-added tax hike could spell trouble for his small-scale business that makes alcoholic ginger beer ...

JOHANNESBURG — The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity government after a pushback from various political parties. Finance ...

South Africa’s 2025-6 budget has been subjected to more comment than usual. This is due to the political tensions generated by a proposed increase in value added tax (VAT). South Africa’s choices on ...

VAT on the average household food basket now totals about R342 a month. That is more than the cost of a 30kg bag of maize meal, one of the main survival staples. South African families are paying more ...

South Africa to raise public officials’ salaries by 3.8-4.1% from April Increases come amid fiscal constraints and modest economic recovery COSATU criticises move as VAT rises to 16% South African ...

South African President Cyril Ramaphosa said the National Treasury is looking at all options to avoid having to raise value-added tax but that the prospects for escaping such an increase are dim. The ...

JOHANNESBURG, April 14 (Reuters) - The South African rand firmed on Monday, boosted by a news report, opens new tab that the country's biggest political party may back down on a plan to raise ...