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Finance Minister Enoch Godongwana proposed a VAT increase raising it from 15% to 16% by 2026, sparking backlash from opposition leaders like Julius Malema and John Hlophe. They argue it …
Proposed VAT Increase Continues to Mar South Africa’s Budget Process Read More
South Africa’s Finance Minister Enoch Godongwana revealed a revised budget, proposing a 1% VAT increase. Despite this smaller tax hike, the budget was rejected by the Democratic Alliance, citing concerns …
South Africa’s Revised Budget Faces Backlash Despite Modest Tax Increase Read More
South Africa’s National Treasury proposed a smaller VAT hike of 0.5 percentage points to resolve coalition disagreements, following a failed 2-point proposal. Despite this adjustment, opposition from the Democratic Alliance …
South Africa’s National Treasury Proposes Smaller VAT Hike Amid Coalition Disputes Read More
South Africa’s Finance Minister presented a revised budget with a smaller VAT increase, proposing a one-point hike to 16% by 2026/27. The Democratic Alliance opposed the budget, highlighting economic struggles …
South Africa’s Revised Budget Faces Opposition Despite Smaller Tax Hike Read More
The South African government is finalizing the 2025 budget, which will be presented to Parliament on March 12, 2025. Following discussions on fiscal challenges, a team led by Deputy President …
South Africa: Cabinet Finalizes Budget Plans Amid Fiscal Challenges Read More
The G20 finance ministers meeting in South Africa saw absent officials from key countries, raising concerns about the group’s relevance. South African President Cyril Ramaphosa stressed the need for international …
Global Divisions Highlighted at G20 Finance Ministers Meeting Read More
Bajabulile Swazi Tshabalala has announced her candidacy for the president of the African Development Bank (AfDB), receiving support from the South African government. With over 30 years of experience in …
Bajabulile Swazi Tshabalala Announces Candidacy for AfDB Presidency Read More