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vat hike
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.
Mantashe steps up as Ramaphosa and Mashatile set to miss budget speech
With President Ramaphosa in the US and Deputy President Mashatile in France, Acting President Mantashe asserts his role in the upcoming budget speech.
Julius Malema calls for change in economic planning ahead of budget speech
EFF leader Julius Malema is skeptical about Finance Minister Enoch Godongwana's upcoming budget speech, advocating for a change in economic planning and also calling for an end to data expiry dates for consumers.
Malema criticises Finance Minister's upcoming budget speech
EFF leader Julius Malema is skeptical about Finance Minister Enoch Godongwana's upcoming budget speech, advocating for a change in economic planning and also calling for an end to data expiry dates for consumers.
Opinion | The impact of coalition governments on governance in South Africa
How does the chaos of coalition governments affect governance in South Africa? This article explores the recent VAT budget debacle and its implications for political stability and service delivery.
ANC begins deliberations on revised Budget
The National Treasury has begun preparations for the upcoming budget, with Director-General Duncan Pieterse confirming that they will be saving costs.
ANC begins deliberations on revised Budget
The National Treasury has begun preparations for the upcoming budget, with Director-General Duncan Pieterse confirming that they will be saving costs.
'Useless and Wasteful': Malema demands deputy ministers be fired to save SA billions
Julius Malema, leader of the Economic Freedom Fighters, has called for the elimination of deputy minister positions, labelling them as 'useless' and suggesting that their removal could free up funds for South Africa's budget.
Market welcomes Budget 3. 0 as finally resolving the VAT impasse
With the rand gaining strength and a new budget on the horizon, can Budget 3. 0 finally settle the VAT debate in South Africa?
Impact of VAT increase suspension on local government budgets
The recent suspension of the planned VAT increase has significant implications for local government budgets and service delivery. This article explores the legal developments surrounding the VAT hike and the subsequent impact on the national budget process
The VAT betrayal: How South Africa’s political charlatans sold out the people
MP Visvin Reddy delves into how close South Africans were to paying extra and the impact it would have had. This would have been a reality had the ANC's political opponents like the MK Party not stood firm in opposing the hike. Reddy also takes a swipe at the parties that sided with the ANC.
Calls for Godongwana’s resignation grow over VAT blunder
The initial proposal to increase VAT by 2% triggered strong backlash from political parties, trade unions, and civil society. Under intense pressure, Godongwana revised the proposal to a 0. 5% hike, but this too was challenged in court by the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF).
MK Party calls for Finance Minister Godongwana's resignation amid economic turmoil
The MK Party escalates calls for Finance Minister Enoch Godongwana's resignation by tabling a motion of no confidence in Parliament, citing fiscal mismanagement amid South Africa's deepening economic crisis.
VAT hike court case exposes ‘GNU fallacy’
While the presiding officers of parliament welcomed the agreement on Monday, they said that it was not an omission of procedural irregularities.
'Check your receipts': SARS urges South Africans to verify correct VAT rate following Treasury's U-turn
SARS is urging consumers across the nation to verify that they are being charged the correct Value Added Tax VAT rate of 15%.
VAT increase signaled lack of ideas, integrity
South Africa's fiscal woes cannot and must not be resolved on the backs of the already burdened working class. VAT is a consumption tax. It hits the poor hardest.
DA files supplementary affidavit asking court to halt looming VAT increase
The DA seeks a court order to prevent a VAT increase, while the MK Party files a motion of no confidence against Finance Minister Enoch Godongwana.
DA wants court to halt VAT increase despite Enoch Godongwana's reversal
Helen Zille said despite the developments of the past week, the VAT increase will still come into effect on 1 May, unless the court specifically issues an order to prevent this.
SARS Confirms: VAT hike is dead - but the fallout is just beginning
SARS has announced the cancellation of the planned VAT increase, following Finance Minister Enoch Godongwana's decision to prioritise stability in the tax environment. This article explores the implications for VAT vendors and the expected timeline for compliance.
Civil Society warns against austerity measures following VAT hike cancellation
While civil society celebrates the cancellation of the VAT hike, they caution that austerity measures may jeopardise essential public services.
Massive triumph for political organisations as treasury scraps 0. 5% VAT increase
Godongwana has announced that the National Treasury would no longer be implementing the controversial 0. 5 percentage points increase in the VAT from 1 May in a statement on Wednesday night
DA continues court challenge against VAT increase despite settlement offer
The DA plans to continue its court challenge against the proposed VAT increase, asserting that only Parliament has the authority to impose such taxes
South Africa's VAT decision: Genuine relief or a mere illusion?
While the government's decision to scrap a VAT increase seems compassionate, experts warn it merely obscures the deeper systemic issues of economic inequality and racial capitalism that continue to plague the nation.
VAT increase reversal seen as a step towards economic stability in South Africa
South Africa's Treasury has reversed its decision to increase Value Added Tax, a move welcomed by opposition parties and analysts as a step towards sustainable fiscal policies amidst economic challenges.
It was Parliament, not pressure: ANC rubbishes DA claims on scrapped VAT Hike
The ANC asserts that Parliament, not external pressures, was behind the scrapping of the 0. 5% VAT increase, challenging political parties' claims of victory and highlighting the implications for South Africa's economy.