The decision of National Treasury to increase VAT by 2% took many experts by surprise as this kind of increase is regarded as regressive as it would cause many other increases, such as higher ...

As Minister Godongwana prepares for his first budget speech, the DA demands immediate economic reforms to tackle unemployment ...

Parties opposed to tax increases, want plans tabled for economic growth and introduction of basic income grant.

Poor and middle class consumer will bear the brunt if VAT is increased by 2% on 12 March. Economists warn consumers are ...

The Democratic Alliance (DA) said on Monday it expects Minister of Finance Enoch Godongwana, to focus his budget on ...

Government cuts wage bill: South Africa’s government has drafted an early retirement offer for civil servants as part of an ...

Historically, Vat increases have been associated with economic crises. The last hike, from 14% to 15% in 2018, was imposed after state capture under Jacob Zuma. That Vat increase became a defining ...

Press Release - "The DA strongly opposes any tax increases and does not support increases to personal income tax, corporate income tax and value added tax." ...

The budget speech was postponed at the eleventh hour because the ANC’s partners in the Government of National Unity (GNU), are opposed to the proposed 2% increase in VAT, a move that would see a hike ...

Had Budget 2025 been announced, permanent social grants would have seen increases above inflation, while the COVID-19 social ...