South Africa Weighs Budget Changes

South Africa's budget may be tweaked further, finance minister says
South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance minister told Reuters.
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
South Africa in 'uncharted waters' as budget splits coalition government
This is the view of analysts after Finance Minister Enoch Godongwana's budget drew a backlash from various quarters, including a key partner in the coalition government rejecting his proposals for a second time.
How South Africa’s proposed 16% VAT rate compares to other countries around the world | Budget 2025
Explore how South Africa's proposed 16% VAT rate stacks up against global standards and what it means for consumers.
South Africa revised budget sparks anger despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but the move was still rejected by trade unions who say any rise in taxes that will have a negative impact on the country’s poorest is unacceptable.
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Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say
South Africa’s high debt and inefficient ... committees in parliament’s finance cluster said during a pre-budget briefing on Monday. Minister of Finance Enoch Godongwana is due to present ...
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The US is missing again as G20 finance chiefs meet in South Africa
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Predictions for South Africa's Budget Speech: Tough decisions ahead for the Finance Minister
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