Finance Minister Enoch Godongwana’s budget presentation was pushed back to 12 March after his proposed two-percentage-point increase in Value-Added Tax (VAT) ran into fierce opposition from the ANC’s government of national unity (GNU) partners. The measure would have brought VAT to 17%—the first increase since 2018—surprising politicians, businesses, labor groups, and economists alike. The postponement… Read More »Godongwana’s Budget Delayed as Unity Government Rejects VAT Hike The post Godongwana’s Budget Delayed as Unity Government Rejects VAT Hike first appeared on iAfrica.