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South Africa’s finance ministry has decided not to increase VAT from 15% as planned due to political opposition. This decision will result in a significant revenue shortfall of approximately 75 …
South Africa Reverses Planned VAT Increase Amid Political Opposition Read More
The South African finance ministry has announced there will be no increase to value-added tax (VAT) slated for May 1, as initially proposed in the 2025 budget. The decision follows …
South Africa Withdraws Planned VAT Increase Amid Political Opposition Read More
Kenya is set to introduce the VASP Bill to regulate the cryptocurrency sector, aiming to create a licensing framework for virtual asset providers and enforce compliance with AML and CFT …
Kenya Introduces Comprehensive Cryptocurrency Regulation with VASP Bill Read More
On March 19, MPs raised concerns over a proposed 15 percent fuel levy, warning it could increase consumer costs. The government argues the levy aims to fund infrastructure improvements, but …
Concerns Raised by MPs Over Proposed 15% Fuel Levy in Rwanda Read More
Kenyan Treasury CS John Mbadi announced that the government will not stop borrowing despite a current debt of Sh11.2 trillion and a debt-to-GDP ratio exceeding the sustainability threshold. He defended …
Treasury CS Mbadi Reiterates Continued Borrowing Amid Mt. Kenya’s Debt Crisis Read More
South Africa’s lawmakers will review the 2025 budget soon, after the proposed VAT hike was largely rejected. Finance Minister Enoch Godongwana’s plan faces scrutiny, with only limited time for approval …
Scrutiny Ahead: South Africa’s Budget and VAT Increase Challenges Read More
The Brazilian real increased past 5.7 per USD in March, reaching its highest level since November 2024. Contributing factors include fiscal discipline, high interest rates, and favorable external conditions. The …
Brazilian Real Reaches Highest Value Since November 2024 Amid Economic Growth Read More
South Africa’s lawmakers will review the 2025 budget, which includes a debated VAT hike. The budget faced rejection from major parties despite a reduced VAT increase. Lawmakers have three stages …
Examining South Africa’s Budget Review and Proposed VAT Increase Read More
South Africa will raise excise duties on alcohol by 6.75% and tobacco by 4.75% for the 2025/26 financial year. Adjustments aim to surpass expected inflation and will include future legislative …
Adjustment of Sin Taxes in South Africa’s 2025 Budget Proposal Read More
South Africa’s 2025 budget presents a blend of tax increases, infrastructure investment, and debt management amid fiscal limitations and a sluggish economy. With a projected GDP growth of 1.8% and …
Assessing South Africa’s 2025 Budget: A Balancing Act or Lost Opportunity? Read More