Finance Minister Enoch Godongwana has delivered a balanced but contentious 2025/26 budget by introducing a 0.5-percentage-point VAT increase for two years and effectively raising personal income taxes by not adjusting tax brackets for inflation. Together, these measures will generate R46 billion, designated to cover higher-than-expected public servant salaries, welfare grants—including the R370 poverty relief grant—critical… Read More »Godongwana Opts For Modest VAT Hike To Stabilize Finances Amid Political Pushback The post Godongwana Opts For Modest VAT Hike To Stabilize Finances Amid Political Pushback first appeared on iAfrica.