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SA economy

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Economists says leaving VAT unchanged, has no significant impact on the financial state of the economy

The Minister of Finance Enoch Godongwana has announced that a Value Added Tax (VAT) increase of 0.5 percentage points has been revoked. Godongwana made the announcement following careful evaluation of the parliamentary committees' recommendations and lengthy discussions with political parties. Economist Dawie Roodt said the decision to leave VAT unchanged, has no significant impact on the financial state of the economy. “The country is in very deep trouble, and we […]

24 April 2025

Local

High crime rate continues to undermine SA’s economy: Ramaphosa

President Cyril Ramaphosa says the high crime rate continues to undermine the country’s economy, as it negatively affects citizens and businesses. Ramaphosa was speaking during the passing out parade of some 1 400 newly trained police officers in Kimberley in the Northern Cape. At least 10 000 new officers countrywide will be deployed to various units within the South African Police Service. The president says government, with the help of […]

15 December 2023

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SA economy

Economists says leaving VAT unchanged, has no significant impact on the financial state of the economy

High crime rate continues to undermine SA’s economy: Ramaphosa

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