Breaking news and insights at nigerianewsservice.com
South Africa is considering a VAT increase proposed by Finance Minister Enoch Godongwana, impacting low-income households amid rising living costs. This increase may raise VAT to 16% by 2026/27, affecting …
South Africa Considers VAT Increase Amid Economic Challenges Read More
Moody’s predicts that South Africa’s coalition government will reach a budget compromise, supporting fiscal consolidation. Despite some parliamentary parties rejecting the revised budget, negotiations are ongoing. Moody’s expects public debt …
Moody’s Forecasts Budget Compromise for South Africa’s Coalition Government Read More
South Africa’s 2025 budget is under scrutiny as lawmakers evaluate a proposed VAT increase amidst political divisions. Following its initial rejection, Finance Minister Godongwana seeks to secure support for the …
Scrutiny of South Africa’s Budget and VAT Hike Proposal Ahead of Key Deadlines Read More
South Africa’s 2025 budget proposal faces scrutiny as lawmakers consider a contentious VAT increase. Finance Minister Enoch Godongwana’s earlier budget was rejected, placing pressure on the ANC to secure support. …
South Africa’s Budget Scrutiny and Planned VAT Increase: What Lies Ahead Read More
South Africa’s 2025 budget introduces a VAT hike to fund essential services amid fiscal constraints and low economic growth. While it offers short-term support through pay agreements and grant extensions, …
South Africa’s 2025 Budget: Balancing Act or Lost Opportunity? Read More
South Africa’s 2025 Budget, presented by Finance Minister Enoch Godongwana, includes a reduced VAT increase to 15.5%, maintains the general fuel levy, and adds more food items to the VAT …
South Africa’s 2025 Budget: Positive Impacts on Agriculture and Consumer Relief Read More
The 2025 budget in South Africa presents a complex situation for consumers, featuring a VAT increase, tax bracket freeze, and higher sin taxes, alongside modest social grant increases. These measures …
Analysis of South Africa’s 2025 Budget: Implications for Consumers Read More
South Africa’s VAT will increase from 15% to 16% by April 2026 in two stages to generate additional revenue for public services. The government has faced political opposition to this …
South Africa to Increase VAT to 16% by 2026 Amid Fiscal Challenges Read More
The ANC is willing to engage with all political parties to secure support for this year’s budget. Secretary-General Fikile Mbalula emphasized readiness for discussions, especially with the landscape of opposition …
ANC Willing to Collaborate with All Parties on Budget Issues Read More
The National Budget Speech by Finance Minister Enoch Godongwana emphasized the importance of tax compliance for South Africa’s fiscal health. Key investments in SARS and adjustments to VAT rates were …
Navigating South Africa’s Tax Compliance Amidst the National Budget Read More