VAT - Africa Publicity

South Africa’s Finance Minister Reverses 0.5% VAT After Protests From Opposition Parties

africapublicityApril 24, 2025April 24, 202502 mins

Enoch Godongwana Source: Africa Publicity The Finance Minister of South Africa, Enoch Godongwana, has reversed the 0.5 percentage point in South Africa’s Value Added Tax (VAT) increase which he announced during the passing of the budget in March this year. The reversal in the VAT was necessitated by protests by some organizations and two opposition…

South Africa’s VAT Hike Sparks Coalition Chaos; Finance Minister Forced To Delay Budget Presentation

africapublicityFebruary 20, 202502 mins

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…