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South Africa’s National Treasury proposed a smaller VAT hike to resolve a political deadlock, marking the first budget delay in 30 years. Additionally, trade tensions with the U.S. intensify as …
South Africa’s Treasury Proposes Smaller VAT Hike Amid Budget Stalemate Read More
South Africa’s Treasury proposed a smaller VAT hike in its revised budget, increasing it by 0.5 percentage points. This decision seeks to alleviate coalition tensions after a previous 2-point hike …
South Africa Proposes Smaller VAT Increase Amidst Coalition Discontent Read More
South Africa plans to remove luxury excise duty on smartphones under 2,500 rand by April 1, 2025. This move is designed to enhance affordability and promote digital inclusion among low-income …
South Africa to Eliminate Luxury Duty on Affordable Smartphones Read More
The Controller of Budget, Margaret Nyakang’o, warns that critical oversight functions are at risk due to severe funding shortfalls. The automation of financial oversight has been particularly affected, with no …
Critical Oversight Functions at Risk Due to Funding Shortfalls for CoB Read More
The Public Service Commission informed 205 clerical officers of their exam failures, requiring them to retake specific subjects after the proficiency examination held in September 2024. The exam saw notable …
PSC Issues Notice on Proficiency Exam Results for Clerical Officers Read More
Economy Minister Luis Caputo refutes claims that the IMF has requested devaluation of Argentina’s currency. The government is pursuing a new financing agreement with the IMF, aiming for completion in …
Caputo Denies IMF Currency Devaluation Demand in New Financing Deal Read More
Argentine President Javier Milei plans to use an Emergency Decree for a new IMF loan aimed at canceling National Treasury debt to the Central Bank, thus reducing the overall public …
Argentina’s President Plans Emergency Decree for IMF Loan Approval Read More
Brazil’s judicial spending is the highest globally after El Salvador, with 1.33% of its GDP allocated to the judiciary in 2022, significantly above the international average of 0.3%. Total expenditures …
Brazil Ranks Second Globally in Judicial Spending Read More
The proposed VAT increase in South Africa may hinder the recovery of consumer spending, according to Shoprite’s CEO. Concerns arise over consumers’ financial capabilities amidst high food costs and unemployment. …
Concerns Rise Over Proposed VAT Increase Impacting South Africa’s Consumer Spending 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