Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living ...

Most parties are unhappy with National Treasury's decision to hike the Value Added Tax by one percentage point over the next ...

Business leaders have warned that South Africa cannot get complacent thinking that the tabled budget on Wednesday (12 March) is a done deal, saying that it has not been passed, and great uncertainty ...

Consumers will be paying more for their favourite alcoholic and tobacco products as the government increases excise duties.