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South Africa will not increase its VAT rate from 15% as planned, according to the finance ministry. Originally, a 1 percentage point hike was proposed, but political opposition led to …
South Africa Withdraws Planned VAT Increase, Maintains Current Rate Read More
South Africa’s parliament passed the 2025 Budget, introduced by Finance Minister Enoch Godongwana, despite significant opposition to a VAT increase. The budget was approved by a narrow margin following weeks …
South African Parliament Approves 2025 Budget Amid VAT Hike Controversy Read More
South Africa’s water crisis, driven by mismanagement and corruption, is causing severe supply issues that affect daily life and industry. Notable figures such as John Steenhuisen attribute these challenges to …
South Africa Confronts Water Crisis: A Call for Urgent Reform Read More
Portuguese President Marcelo Rebelo de Sousa announced the dissolution of parliament on March 19, calling for snap elections on May 18 after a no-confidence vote against Prime Minister Luís Montenegro. …
Portuguese President Calls Snap Elections for May 18 Read More
South Africa’s VAT will increase from 15% to 16% by April 2026 in two stages to generate additional revenue for public services. The government has faced political opposition to this …
South Africa to Increase VAT to 16% by 2026 Amid Fiscal Challenges Read More
South Africa’s 2025 budget, tabled by Finance Minister Enoch Godongwana, faces significant backlash from coalition partners, particularly the Democratic Alliance. The delay in presentation was prompted by intense opposition to …
Challenges Arise for South Africa’s Budget as Coalition Faces Rifts Read More
South Africa’s Finance Minister Enoch Godongwana indicated the possibility of further budget amendments amid disputes over a proposed VAT increase. Major parties oppose the scaled-back plan, complicating the ANC’s efforts …
Potential Amendments to South Africa’s Budget Amid Political Disagreements Read More
South Africa’s Finance Minister Enoch Godongwana highlighted potential budget adjustments following discussions on a reduced VAT increase. The ANC seeks support from other parties amid strong opposition, particularly from the …
Potential Tweaks to South Africa’s Budget as Political Talks Continue Read More
South Africa’s Finance Minister Enoch Godongwana revealed a revised budget proposing a staggered VAT increase to 16%, causing significant backlash from key opposition, particularly the Democratic Alliance. The budget aims …
South Africa’s Revised Budget Faces Strong Opposition Despite VAT Reduction Read More
South Africa’s Finance Minister Enoch Godongwana revealed a revised budget, proposing a 1% VAT increase. Despite this smaller tax hike, the budget was rejected by the Democratic Alliance, citing concerns …
South Africa’s Revised Budget Faces Backlash Despite Modest Tax Increase Read More