48 h. ago ActionSA vows not to partake in GNU unless VAT increase is revoked

The party's statement comes amid growing concerns about the future of the GNU.

Politics

68 h. ago Maimane Proposes Alternatives to VAT Increase in Budget Discussions with ANC

Build One South Africa (BOSA) leader Mmusi Maimane is optimistic that political parties can reach a “workable solution” regarding the national budget following a scheduled meeting with the African National Congress (ANC). He plans to present alternatives to the proposed 0.5% Value Added Tax (VAT) increase, aiming to generate approximately R120 billion in revenue without… Read More »Maimane Proposes Alternatives to VAT Increase in Budget Discussions with ANC The post Maimane Proposes Alternatives to VAT Increase in Budget Discussions with ANC first appeared on iAfrica.

Politics

68 h. ago ActionSA’s Participation in Government of National Unity Contingent on VAT Hike Reversal

ActionSA leader Herman Mashaba has stated that the party will not consider joining the Government of National Unity (GNU) unless the proposed Value Added Tax (VAT) increase is withdrawn. Despite supporting the African National Congress (ANC) in passing the fiscal framework in Parliament, Mashaba emphasized that addressing the VAT hike and income tax bracket adjustments… Read More »ActionSA’s Participation in Government of National Unity Contingent on VAT Hike Reversal The post ActionSA’s Participation in Government of National Unity Contingent on VAT Hike Reversal first appeared on iAfrica.

Politics

4 d. ago ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT

ActionSA has submitted a proposal to Finance Minister Enoch Godongwana, outlining strategies to generate R100 billion in additional government revenue without increasing the value-added tax (VAT). The party’s delegation met with the minister’s team on Saturday to discuss these alternative methods. With six seats in Parliament, ActionSA played a pivotal role in the recent approval of… Read More »ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT The post ActionSA Proposes R100 Billion Revenue Plan to Finance Minister Without Raising VAT first appeared on iAfrica.

Politics

5 d. ago Steenhuisen Reaffirms DA’s Commitment to Government of National Unity Amid Budget Disputes

Democratic Alliance (DA) leader John Steenhuisen has reiterated his party’s dedication to South Africa’s Government of National Unity (GNU), despite recent tensions with the African National Congress (ANC) over the 2025 budget. The DA opposed the proposed 0.5% Value Added Tax (VAT) increase, leading to a strain in relations between the coalition partners. ANC Parliament… Read More »Steenhuisen Reaffirms DA’s Commitment to Government of National Unity Amid Budget Disputes The post Steenhuisen Reaffirms DA’s Commitment to Government of National Unity Amid Budget Disputes first appeared on iAfrica.

Politics

5 d. ago Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU

African National Congress (ANC) Secretary-General Fikile Mbalula has accused the Democratic Alliance (DA) of using the controversial 0.5% value-added tax (VAT) increase as a tool for political grandstanding. The VAT proposal has become a major sticking point between the two parties, after the DA refused to support the adoption of the fiscal framework in Parliament… Read More »Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU The post Mbalula Slams DA Over VAT Dispute as ANC Opens Door to ActionSA in GNU first appeared on iAfrica.

Politics

5 d. ago DA’s budget vote shows it’s ‘no decisive force’ in GNU: Mashilo

Mashilo reiterates the SACP's opposition to the proposed VAT increase.

Events

6 d. ago SARS forges ahead with 0.5% VAT hike despite DA legal challenge

SARS makes provisions to go ahead with the 0.5% VAT increase on May 1.

Politics

7 d. ago GNU Faces Crisis As Presidency Questions DA’s Commitment Following Budget Opposition

The Government of National Unity (GNU) in South Africa is experiencing significant strain after the Democratic Alliance (DA) opposed the recently proposed national budget, leading to questions about the party’s role within the coalition. The DA’s rejection of the budget, primarily due to disagreements over a proposed Value Added Tax (VAT) increase, has intensified existing… Read More »GNU Faces Crisis As Presidency Questions DA’s Commitment Following Budget Opposition The post GNU Faces Crisis As Presidency Questions DA’s Commitment Following Budget Opposition first appeared on iAfrica.

Events

8 d. ago EFF request withdrawal of budget report ahead of parliamentary debate

The Standing Committee on Finance adopted its report on the budget, tabled to the NA last month.

Politics

9 d. ago ANC Backs ActionSA Move To Halt VAT Increase, Easing Pressure On Taxpayers

The African National Congress (ANC) has endorsed ActionSA’s proposal to scrap the planned 0.5% VAT increase, aiming to provide relief for taxpayers already facing economic strain. ActionSA introduced an amendment to remove both the VAT and income tax increases proposed for the 2025/2026 fiscal year during Tuesday’s parliamentary joint committee on finance debate. ActionSA representative… Read More »ANC Backs ActionSA Move To Halt VAT Increase, Easing Pressure On Taxpayers The post ANC Backs ActionSA Move To Halt VAT Increase, Easing Pressure On Taxpayers first appeared on iAfrica.

Economics

1 week ago Ramaphosa confident 2025 Budget will pass despite VAT dispute

Ramaphosa confident budget will pass despite VAT hike opposition in Parliament.

Politics

2 w. ago ANC reaches out to BOSA in bid to secure crucial budget votes

BOSA says ANC requested a meeting on budget ahead of vote in Parliament next week.

Politics

2 w. ago Cosatu first to oppose VAT increase in Parliament’s budget hearings

Cosatu was the first at the public hearings to call for the removal of VAT hikes

Politics

2 w. ago Govt. should consider wealth tax instead of increasing VAT: Malema

Malema says government should target the wealthy who don't know what to do with their money.

Politics

3 w. ago Tax Policy Expert Says VAT Increase Is Least Damaging To Economic Growth

The recently presented Budget 2.0 has ignited a heated debate, presenting both challenges and opportunities for South Africa. It highlights the delicate balance between creating tax policies and maintaining economic equity, particularly in how VAT (Value-Added Tax) affects low-income households. Although the budget has been tabled, there is still uncertainty about whether it will be… Read More »Tax Policy Expert Says VAT Increase Is Least Damaging To Economic Growth The post Tax Policy Expert Says VAT Increase Is Least Damaging To Economic Growth first appeared on iAfrica.

Economics

3 w. ago South Africa’s 2025 Budget Sparks Public and Political Debate

South Africa’s Finance Minister, Enoch Godongwana, has announced a 0.5% increase in Value Added Tax (VAT) for the current financial year, with an additional 0.5% hike planned for 2026. This measure aims to address urgent revenue needs amidst ongoing political negotiations within the Government of National Unity (GNU). However, critics argue that higher taxes could… Read More »South Africa’s 2025 Budget Sparks Public and Political Debate The post South Africa’s 2025 Budget Sparks Public and Political Debate first appeared on iAfrica.

Politics

3 w. ago VAT increase needed to improve frontline services: Godongwana

Godongwana told MPs that the VAT increase is necessitated by the need to improve social services

Politics

4 w. ago ANC accuses DA of trying to use the Budget to block transformation

ANC has lashed out at the DA for being against the 0,5 percent VAT increase.

Politics

4 w. ago No parties objected to VAT hike in Budget consultations: Ntshavheni

Ntshavheni says the opposition of the DA does not stem from concerns over a VAT increase

Politics