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

The findings of several tax commissions have suggested that zero-rated items are not an adequate way to reduce the impact of ...

JOHANNESBURG - While the Democratic Alliance (DA) has claimed it's rejected the value-added tax (VAT) increase because it ...

Value-added-tax (VAT) will increase by 0.5%, with the government needing to cover a R60 billion budget shortfall. Finance Minister Enoch Godongwana said another 0.5% increase will then be introduced ...

Finance minister Enoch Godongwana will deliver his speech at 14h00. This is where you can watch, and what to expect.

The current inflation rate is 3.2%. The higher-than-inflation social grant increases are intended to help cushion grant ...

After a February delay, Finance Minister Enoch Godongwana tabled the 2025 budget on Wednesday, confirming a VAT hike.

Minister of Finance Enoch Godongwana's budget was rejected in February due to a proposed two percentage point increase in value-added tax.

Discover how South African experts are reacting to the 2025 Budget Speech, highlighting concerns over VAT increases, youth ...

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

The Democratic Alliance and Economic Freedom Fighters have both rejected Finance Minister Enoch Godongwana's budget speech, ...

Fikile Mbalula defends the ANC's budget proposal as a progressive step, asserting that it will lead to meaningful ...