Latest News & Developments
fiscal policy
Budget 3. 0: reactions highlight hope and concerns for South Africa’s economy
While the reversal of the VAT hike provides relief to citizens facing mounting living costs, the introduction of fuel levy increases has raised concerns about the impact on household budgets amidst an already challenging economic landscape.
Strange bedfellows: DA and EFF unite in court to challenge VAT increase and protect the poor
Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) initiated a court case today aimed at blocking a controversial value-added tax (VAT) increase.
Constitutional showdown: DA launches urgent court application against VAT hike
The DA has filed an urgent application in the Western Cape High Court to block the VAT increase and overturn Parliament's fiscal framework adoption, escalating tensions within the Government of National Unity as Helen Zille claims the process was 'fatally irregular and unlawful'.
South Africa’s Budget 2025: A call for courageous choices amid fiscal crisis
With South Africa's Budget 2025 on the horizon, the government's proposed VAT increase raises alarm bells amid a struggling economy. Critics call for innovative solutions to address systemic issues rather than relying on tax hikes
Budget 2025: A political tug-of-war with your wallet at stake
Finance Minister Enoch Godongwana faces scrutiny over the postponed Budget Speech and proposed VAT hike, as political tensions rise within the GNU regarding economic growth and fiscal responsibility