South African Finance Minister Enoch Godongwana sees no alternative to a tax increase at the heart of a budget impasse that is threatening to unravel the country’s governing coalition.. 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 ...

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 and non-alcoholic ...

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 ...

The Finance Minister has warned that any move to increase taxes or to introduce the new ones would cost the economy billions.

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.

Dis VAT increase wey South Africa Finance Minister Enoch Godongwana announce for March 2025 during di budget speech cause serious political battle between parties for di coalition govment.

Its 2014 acquisition of Australian department store David Jones has been labelled a “R20 billion blunder”, but Woolworths ...

The OECD suggests South Africa should consider increasing VAT as its rate remains below the organisation’s average and has the potential to broaden the country’s tax base.

STORY: South African beverage company owner Ndumiso Madlala fears an upcoming VAT hike could hurt his small business, which produces alcoholic ginger beer and soft drinks.To boost revenue, the ...