The South African rand gained slightly on Thursday after the finance ministry said it was withdrawing a contentious increase ...

South Africa has abandoned plans to increase value-added tax from May 1, the finance ministry said on Thursday, after the ...

The South African rand was marginally stronger in early trade on Thursday, after the finance ministry said it was withdrawing ...

South Africa will not increase its value-added tax (VAT) from May 1 as announced in the 2025 budget, the finance ministry ...

Keeping value added tax (VAT) at 15% will benefit consumers and farmers. The National Treasury announced on the morning of 24 ...

The planned VAT hike had been challenged in court. Godongwana had argued in court papers that failure to raise the VAT would ...

Finance Minister Enoch Godongwana has scrapped the proposed VAT hike, and while many are celebrating, they're also suggesting ...

Key topicsVAT to stay at 15% from 1 May 2025, cancelling planned hikeR75 bn revenue gap prompts withdrawal of budget bills ...

After fierce public backlash, the National Treasury has scrapped plans to raise VAT on 1 May. Now, the Government of National ...

The Democratic Alliance (DA) on Thursday expressed jubilation at Finance Minister Enoch Godongwana’s reversal of the ...

DA federal council chairperson, Helen Zille briefed the media in Parliament on Thursday morning following National Treasury’s ...

The finance ministry in a midnight announcement said the decision was informed by consultations with political parties ...