South Africa’s VAT Hike Sparks Coalition Chaos; Finance Minister Forced To Delay Budget Presentation
Source: Africa Publicity In a shocking turn of events, South Africa’s Finance Minister Enoch Godongwana has been forced to postpone the presentation of the national budget due to sharp disagreements within the coalition government. The contentious issue: a proposed 2% increase in value-added-tax (VAT) that would have raised prices of goods, exacerbating the…