7 h. ago South Africa’s VAT Hike Sparks Legal Showdown and Political Uncertainty

The Democratic Alliance (DA) has taken legal action against the South African government’s 2025 budget, challenging the constitutionality of its approval process and seeking to block a proposed value-added tax (VAT) hike. The DA, the second-largest party in the fragile ruling coalition, opposed the fiscal framework passed by Parliament, calling the process procedurally flawed. The… Read More »South Africa’s VAT Hike Sparks Legal Showdown and Political Uncertainty The post South Africa’s VAT Hike Sparks Legal Showdown and Political Uncertainty first appeared on iAfrica.

Politics

26 h. 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

55 h. 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

67 h. ago Finance Committee report recommends VAT, Tax hike alternatives

The committee report will be tabled in the National Assembly on Wednesday.

Politics

2 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 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

2 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

2 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