South Africans reject the 0.5% VAT hike, as the GNU faces its biggest budget battle yet. The post Budget Speech 2025: VAT ...

The findings of several tax commissions have suggested that zero-rated items are not an adequate way to reduce the impact of ...

Godongwana, delivering the long-awaited 2025 Budget Speech today, said the VAT rate would increase by half a percentage point ...

Value-added-tax (VAT) will increase by 0.5%, with the government needing to cover a R60 billion budget shortfall. Finance Minister Enoch Godongwana said another 0.5% increase will then be introduced ...

The government has defended its decision to raise VAT by arguing that alternative revenue-raising measures, such as increasing corporate or personal income tax would do more harm than good.

JOHANNESBURG - While the Democratic Alliance (DA) has claimed it's rejected the value-added tax (VAT) increase because it ...

Finance minister Enoch Godongwana will deliver his speech at 14h00. This is where you can watch, and what to expect.

Minister of Finance Enoch Godongwana's budget was rejected in February due to a proposed two percentage point increase in value-added tax.

The current inflation rate is 3.2%. The higher-than-inflation social grant increases are intended to help cushion grant ...

Discover how South African experts are reacting to the 2025 Budget Speech, highlighting concerns over VAT increases, youth ...

The Democratic Alliance said the budget would struggle to pass in parliament, given the ANC’s lack of a majority ...

The Democratic Alliance and Economic Freedom Fighters have both rejected Finance Minister Enoch Godongwana's budget speech, ...