Finance Minister Enoch Godongwana has pushed ahead with ‘the difficult decision’ to propose a VAT hike in his reworked 2025 Budget Speech delivered yesterday (Wednesday).

The Department of Basic Education is in dire need of funding to address a critical infrastructure backlog impacting SA ...

South Africa’s budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country’s finance minister ...

Trade union Solidarity has described Treasury’s proposal to increase value-added tax by 1% over the next two years as ...

The South African Communist Party strongly opposes Finance Minister Godongwana's proposed VAT increases, arguing they will ...

Finance Minister Enoch Godongwana delivered his 2025 Budget Speech despite the lack of support from any parliamentary majority, proposing a phased VAT hike by 0.5p this year and by another 0.5pp in ...

The NMB Business Chamber said earning confidence from business and investors was critical in rebuilding the country’s economy ...

Finance minister announces above-inflation grant increases Finance Minister Enoch Godongwana announced increases to social grants during his budget speech on Wednesday. From 1 April the Old Age and ...

AGAINST a backdrop of substantial economic risks – including fiscal weakness, external volatility, and pressing social needs, Finance Minister Enoch Godongwana delivered what was clearly a “compromise ...

There is a particular way the incoming VAT increase will work in South Africa over the next two years. Here's how.

In light of new and persistent spending pressures in health, education, transport and security, government has decided to raise value-added tax (VAT) by 0.5 percentage points in each of the next two ...

Analysts say Finance Minister Enoch Godongwana’s budget is a balancing act that won’t drive economic growth, with VAT hikes ...