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Finance Minister Enoch Godongwana has proposed increasing South Africa’s VAT rate from 15% to 16% by 2026, citing poor economic performance. This proposal has faced backlash from opposition leaders who …
Proposed VAT Increase Raises Concerns and Criticism in South Africa Read More
The South African government faced protests over a revised budget, proposing a 1% VAT increase. Despite efforts to address economic concerns and infrastructure needs, significant opposition arose from the Democratic …
South Africa’s Revised Budget Faces Backlash Amid Austerity Measures Read More
South Africa proposes a reduced VAT increase from 15%, raising it by 0.5% in May and another 0.5% in 2026. Opposition from the Democratic Alliance complicates support for the budget. …
South Africa’s Revised Budget Proposal Features Smaller VAT Hike Amidst Political Tensions Read More
South Africa’s finance minister presented a revised budget proposing a one-percentage-point increase in VAT, which met with immediate criticism from the Democratic Alliance. The budget allocates over one trillion rands …
South Africa’s Revised Budget Faces Opposition Despite Smaller Tax Hike Read More
The South African Cabinet has finalized discussions on the funding of the 2025/26 budget, with the Minister of Finance to present the budget to Parliament on March 12, 2025. A …
South Africa’s Cabinet Finalizes Engagements on 2025 Budget Funding Shortfall Read More
The G20 finance ministers’ meeting in South Africa faced considerable challenges due to the absence of key officials from member states. President Cyril Ramaphosa called for greater cooperation amid geopolitical …
Global Divisions Shine at G20 Finance Ministers’ Meeting in South Africa Read More
Bajabulile Swazi Tshabalala has announced her candidacy for the presidency of the African Development Bank, receiving full support from the South African government. She brings over three decades of experience …
Bajabulile Swazi Tshabalala Announces Candidacy for African Development Bank Presidency Read More