Latest News & Developments
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 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.
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
Can the rand maintain its strength amidst US political turmoil? Find out how South Africa's currency is navigating these challenges.
Helen Zille has confirmed the Democratic Alliance will remain within the Government of National Unity despite opposing the controversial VAT increase.
Political analysts warn that the Democratic Alliance has compromised its negotiating position within the Government of National Unity by taking legal action against the VAT increase, even as the ANC opts to maintain the coalition.
Budget reallocations in South Africa raise alarm bells for cancer patients as funds shift away from critical healthcare services. With only a fraction of necessary stem cell transplants being performed, thousands face dire consequences. What does this mean for the future of cancer care?
Parliament Speaker Thoko Didiza firmly rejects calls from the DA, EFF, and MKP to withdraw the budget report, as tensions rise in the Government of National Unity over procedural concerns.
Negotiations between the ANC and DA negotiating teams regarding the budget resumed on Sunday afternoon, following a stalemate on Friday that threatened the stability of the coalition government.
Negotiations between the ANC and DA negotiating teams regarding the budget resumed on Sunday afternoon, following a stalemate on Friday that threatened the stability of the coalition government.
The DA told IOL that it was not a secret that they have been negotiating with the ANC over measures to remove obstacles to the creation of economic growth and jobs.
DA spokesperson Karabo Khakhau underscored the importance of transparency in the ANC's coalition intentions, as the clock ticks down to the impending parliamentary budget discussions.
The ANC is in a tight spot as it seeks support for the 2025/26 national budget from BOSA, which has outlined specific conditions for its endorsement. Will these negotiations lead to a breakthrough?
ActionSA informed the ANC that the approval votes for this budget need to come from the parties within the GNU, or alternatively, a new government capable of passing a budget must be formed.
While politicians celebrate their "compromise" of a phased 1% VAT hike over two years instead of an immediate 2% increase, the truth remains stark: you will pay more for a crisis you never created
The column explores some of the key aspects of the 2025 Budget, the reasons for its delay, the political dynamics at play, and the potential socioeconomic implications of its proposals.
South Africa's inflation holds steady at 3. 2% in February, but a VAT hike and soaring food prices raise concerns about the cost of living for consumers.
With the ANC seeking cross-party support to pass the 2025 national budget, the proposed 0. 5% VAT hike remains a key point of contention with several political parties.
The ANC has defended its stance on maintaining ministerial perks while supporting a VAT increase, arguing that cutting cabinet benefits would not address South Africa's R2. 7 trillion budget shortfall.
Fikile Mbalula defends the ANC's budget proposal as a progressive step, asserting that it will lead to meaningful transformation for South Africans.
ANCYL criticises the proposed VAT hike, warning it will disproportionately affect vulnerable communities and calls for urgent tax justice measures.
Discover how the 2025 National Budget, approved by Cabinet, aims to address fiscal challenges while supporting South African families.
South Africa's 2025 budget brings significant changes to sin tax, with new regulations affecting both traditional cigarettes and vaping products.
South Africa's 2025 Budget Speech has sparked outrage, with critics labelling it a reckless move that threatens the financial stability of struggling households. What does this mean for taxpayers?