value-added tax (VAT)

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Cape Town

National Budget 2025: The fiscal framework and revenue proposals face a fierce batttle to meet political muster

Following Finance Minister Enoch Godongwana's budget presentation in May 2025, reports suggest that the proposed budget will likely face strong opposition from parties within the Government of National Unity (GNU) as preparations begin for parliamentary debate. Speaking on VOC’s PM Drive show, political economist Professor Bonke Dumisa argued that GNU members are expected to support the budget. "The main reason parties within the GNU took each other to court is […]

today10 June 2025

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Cape Town

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 […]

today23 May 2025

VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.

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