South Africa Weighs Budget Changes

How South Africa’s proposed 16% VAT rate compares to other countries around the world | Budget 2025
Explore how South Africa's proposed 16% VAT rate stacks up against global standards and what it means for consumers.
South Africa proposes smaller VAT hike in revised budget, disagreements remain
South Africa's National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at smoothing divisions in the ruling coalition, but uncertainty remained over whether it would get the support in parliament to pass.
South Africa's Budget Balancing Act: Rising VAT to Fund Health and Defense
South African lawmakers have outlined plans that include a 0.5% VAT increase to fund additional health and defense spending. The rise in VAT aims to address cuts in US aid, return 9,300 jobs in healthcare,
VAT hike: The harsh reality for millions of South African households
Finance Minister Godongwana's proposed VAT increases could severely impact 36 million South Africans living in low-income households. Discover how the government plans to protect vulnerable families through expanded zero-rated food items and what this means for daily survival.
South Africa's budget may be tweaked further, finance minister says
South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance minister told Reuters.
10 takeaways from South Africa’s second try at tabling a budget
Finance Minster Enoch Godongwana Wednesday tabled his budget for the for the 2025/2026 financial year, a month after it was postponed following a fall-out with the ANC’s biggest coalition partner over value-added tax hikes.
South Africa Weighs Budget Changes as Parties Reject Tax Hikes
South African Finance Minister Enoch Godongwana may have to make changes to the national budget after parties that control more than half the seats in parliament rejected his plans to raise taxes.
South African rand slips ahead of local data, focus on budget talks
South Africa's rand extended its losses early on Thursday before manufacturing and mining data releases, a day after the national budget was tabled before lawmakers and met with resistance.
South Africa Budget: South Africa's VAT hike plan faces strong opposition, budget remains stuck
South Africa’s finance minister proposed scaling back tax increases and curbing spending in a bid to resolve a standoff over the budget in the nation’s fractious governing alliance. Watch this report for more details!
South Africa in 'unchartered waters' as budget splits coalition government
South Africa has entered unchartered waters following deep divisions in the coalition government over the national budget ...
Budget 2025 | SACP slams 'regressive' VAT hike, proposes wealth tax to protect poor South Africans
The South African Communist Party strongly opposes Finance Minister Godongwana's proposed VAT increases, arguing they will ...
South Africa plans to spend more on health and defense after US cuts aid
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...
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How a 0.5 percent point VAT increase will squeeze South Africans
A 0.5 percent point VAT increase may seem like a small adjustment, but even the tiniest hike puts pressure on an already unstable SA economy.
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Turbulent Talks: South Africa's Tax Tussle
South Africa's budget faces opposition as political parties debate a crucial increase in value-added tax. Finance Minister ...
Budget crisis: Ntshavheni slams DA's 'political ransom' over VAT and Expropriation Act
Minister Khumbudzo Ntshavheni accuses the DA of using VAT increase concerns as a smokescreen to challenge the Expropriation ...