Latest News & Developments
Amid rising financial pressures, EFF treasurer-general Omphile Maotwe suggests an 'apartheid tax' as a more equitable alternative to the proposed VAT increase. Will this controversial idea gain traction?
The Democratic Alliance is in court taking legal action against the government's proposed 0. 5% VAT increase, arguing it will disproportionately affect the poor and vulnerable.
The Western Cape High Court is set to hear an urgent application from the DA and EFF to interdict a VAT increase announced by Finance Minister Enoch Godongwana, which they argue will disproportionately affect struggling South African households.
The DA and the EFF will on Tuesday argue that the 0,5% VAT hike will have a negative impact on the economy, particularly on struggling South African households.
Finance minister Enoch Godongwana has vowed to defend his 0. 5 % VAT increase, filing an answering affidavit with the Western Cape High court.
The Democratic Alliance (DA) had previously written a letter to President Cyril Ramaphosa, accepting the VAT increase but only if the ANC scrapped the Expropriation Act.
The Congress of South African Trade Unions (COSATU) has expressed concern over the Democratic Alliance (DA) and Economic Freedom Fighters (EFF) challenging the VAT increase in court, warning that such actions could destabilise South Africa's fiscal systems. COSATU's Parliamentary Coordinator, Matthew Parks, argues that legal challenge is inappropriate and may lead to a crisis.
Finance Minister Enoch Godogwana announces a VAT hike effective May 1, citing severe financial consequences if not implemented.
Finance Minister Enoch Godogwana announces a VAT hike effective May 1, citing severe financial consequences if not implemented
The KwaZulu-Natal Department of Education's budget cuts threaten the salaries of over 2,000 teachers.
Finance Minister Enoch Godongwana addresses the controversial 0. 5% VAT increase in the 2025 budget, clarifying his position and the role of Parliament in the decision-making process.
Finance Minister Enoch Godongwana addresses the controversial 0. 5% VAT increase in the 2025 budget, clarifying his position and the role of Parliament in the decision-making process.
The trip, scheduled for April 23-24, will take place on the sidelines of the International Monetary Fund (IMF) and World Bank Spring meetings.
Finanace minister Enoch Godongwana heading to the US for a G20 meeting. The meeting will bring together finance ministers and central bank governors from G20 member countries, invited countries, and international organisations to discuss global economic challenges, financial stability, and policies aimed at fostering economic growth.
The ANC is under pressure to abandon its 0,5% VAT increase after they failed to convince parties to implement the increase.
The ANC is under pressure to abandon its 0,5% VAT increase after they failed to convince parties to implement the increase.
South Africa's government proposes a VAT increase to address fiscal challenges, but experts warn it may disproportionately affect the poor and middle class, raising concerns about its impact on consumer spending and economic growth.
South Africa's planned staggered VAT increase from 15% to 16% is drawing criticism from economists and citizens alike, who argue that already-strained households will bear the brunt of the government's latest revenue-generating measure.
The DA and EFF have approached the court to legally challenge the passing of the 2025 Budget that included a 0. 5% Value-Added-Tax (VAT).
EFF leader Julius Malema accused ActionSA leader Herman Mashaba and others of secretly plotting against South Africans by supporting the 2025 National Budget's VAT hike.
The Government of National Unity faces its biggest test as the narrowly-passed National Budget with its controversial VAT increase sparks political tension. With the DA heading to court and the rand weakening in response, what does this mean for South Africa's economic stability?
South African grant recipients say the R130 increase to old age pensions is insufficient as inflation and VAT hikes erode their purchasing power. Economists warn that while social grants remain a lifeline for millions, political deadlock between ANC and DA within the Government of National Unity threatens long-term solutions to poverty.
The DA announced that it will be heading court to challenge the budget after the ANC managed to gather support for the budget to be passed in its approval as part of the GNU.
The ANC narrowly passed the budget with the support of smaller parties, raising questions about the future of the Government of National Unity as tensions escalate with the DA.
The ANC narrowly passed the 2025 Budget with 194 votes against 182, sidelining their Government of National Unity partner, the DA. This critical vote has created a political crisis, with the DA's Federal Executive now meeting to reconsider its future in the coalition, while President Ramaphosa criticises the DA for trying to be both partner and opposition simultaneously.