Economic analyst: “When the proposed VAT hike got rejected, he came back saying there was no other way, convincing the public that taxes had to be raised for him to balance the books”
By Kouthar Sambo Finance Minister Enoch Godongwana presented the national budget on Wednesday, 21 May 2025, without implementing an increase to value-added tax (VAT). However, early reports indicate that the South African Revenue Service (SARS) has expressed its readiness to take on the responsibility of closing the revenue gap in the national budget. According to Godongwana, this revenue-raising mandate could enable SARS to generate an additional R20 to R50 billion […]
