South Africa’s finance minister wanted to raise VAT

South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
What a 2% VAT hike would mean for the average consumer in South Africa
For the time being, South Africans can breathe a little easier, as the 2% increase would have a short-term negative impact, particularly because VAT applies to most goods and services, raising their costs and putting additional strain on consumers' wallets, he adds.
South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government.
South Africa’s fight over VAT raises a key question: who should bear the burden of taxes?
The important question in a democratic setting is who gets to pay taxes and how they connect to the well-being of its citizens.
VAT blow to South Africa
US President Donald Trump is escalating his global tariff and trade war, this time targeting countries that charge VAT on imports, like South Africa.
South Africa Budget Unraveled After a Key Detail Was Kept Secret
South African Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it from leaking — triggering a major fallout in the nation’s coalition government.
Coalition bust-up over VAT in South Africa?
South Africa’s ruling coalition, made up primarily of the African National Congress and the Democratic Alliance, is showing signs of a possible crack in its government of national unity.
South African budget delay over VAT hike shows cracks in coalition
South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed ...
How SA’s VAT rate increased over the years
A potential increase to 16% or 17% in April 2025 will have a profound effect on South African households, and particularly ...
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Moeletsi Mbeki Criticises Proposed 2% VAT Hike, SA Laughs As He Claims ANC Aren’t Pro-poor Anymore
Political analyst Moeletsi Mbeki has weighed in on the proposed 2% VAT hike, saying that the ANC was no longer pro-poor, but ...
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‘VAT gaan aan?’ : Nando’s pokes fun at 2% VAT increase fail
Nando's is adding their 'two cents' on the Minister of Finance's failure to implement a 2% VAT increase in his budget speech ...
How the proposed VAT hike threatens rural pensioners' survival | Budget 2025
Rural pensioners surviving on R2,190 monthly grants warn that Treasury's proposed 2% VAT increase would devastate their ...
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The 2% VAT hike Treasury kept quiet—And why they pushed for it
Godongwana flagged plans to hike value-added tax, without saying it would raise the rate by two percentage points to 17%.
South African rand stable after volatile week
South Africa's rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the ...
Unemployed single moms concerned about the cost of living as Gondongwana's VAT increase proposal adds more pain
IOL went to the streets of Johannesburg to hear first-hand accounts from people on their financial struggles that an increase ...