South African rand jumps as gold high boosts commodity-backed currency
South Africa's rand gained on Friday due to record high gold prices that were driven by investors seeking safe haven assets ...
South African Reserve Bank to pause rate-cutting cycle, resume in May
The South African Reserve Bank (SARB) will likely keep interest rates steady at its March 20 meeting as global trade risks ...
South Africa plans to spend more on health and defense after the US cuts aid
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...
South Africa proposes smaller VAT hike in revised budget, disagreements remain
South Africa's National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at ...
South Africa in 'unchartered waters' as budget splits coalition government
South Africa has entered unchartered waters following deep divisions in the coalition government over the national budget ...
VAT increase: Which grocery items are exempt from VAT in South Africa?
Understand how the VAT increase affects your grocery shopping and discover which essential items remain exempt.
The Africa Report3d
10 takeaways from South Africa’s second try at tabling a budget
Finance Minster Enoch Godongwana Wednesday tabled his budget for the for the 2025/2026 financial year, a month after it was ...
ANC Moots Smaller South Africa VAT Hike With EFF Linkup, ST Says
South Africa’s biggest political party plans a 0.75 percentage-point increase in value-added tax in a revised national budget ...
Devdiscourse3d
South Africa's Budget Balancing Act: Rising VAT to Fund Health and Defense
South African lawmakers have outlined plans that include a 0.5% VAT increase to fund additional health and defense spending.
Independent Online4d
South Africa's VAT Increase: What it means for households
South Africa's VAT rate is relatively low compared with peer countries, with most VAT paid by higher-income households, as they consume more, the National Treasury said. During 2024, two major tax ...
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to ...