A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political ...

South Africa's National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at ...

Finance Minister Enoch Godongwana announced a VAT increase of 0.5 % this year, which will raise an additional R28 billion in ...

Finance Minister Enoch Godongwana raised VAT to 0,5 % in this financial year - and says he plans to hike it by the same ...

The Democratic Alliance said the budget would struggle to pass in parliament, given the ANC’s lack of a majority ...

“To raise the revenue needed, the government proposes to increase the VAT rate by half- apercentage point in 2025/26, and by ...

Finance Minister Enoch Godongwana has confirmed that South Africans will see a VAT increase as the government moves to raise ...

An economist says there could have been another way to balance the books. Ntokozo Nzimande feels Finance Minister Enoch Godongwana missed an opportunity to tap into big business, instead of burdening ...

Godongwana's new proposal will raise the VAT rate to 15.5 percent and add 28 billion rand to the fiscus in this financial ...

The South African government's newly tabled budget faces a critical showdown as the DA has threatened to withdraw its support ...

Godongwana, delivering the long-awaited 2025 Budget Speech today, said the VAT rate would increase by half a percentage point ...

South African lawmakers have outlined plans that include a 0.5% VAT increase to fund additional health and defense spending.