VAT increase

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Local

VAT Hike Sparks Budget Showdown

By Rachel Mohamed Parliament has officially voted on the national budget, passing it by a narrow margin. Among the most contentious elements is a proposed 0.5% increase in VAT, which has sparked significant political backlash. The Democratic Alliance (DA) has labelled the move a betrayal of the public, while ActionSA views it as a strategic attempt to reassess government spending and explore alternative revenue streams. Speaking on VOC’s Sunday Live, […]

today7 April 2025

Cape Town

Analyst: “You don’t just put VAT increase in the table because National Treasury should assess all the available options to raise money”

By Kouthar Sambo The national budget speech delivered by Minister of Finance Enoch Godongwana is set to take place on Wednesday, 12 March 2025, at the Nieuwmeester parking, Dome (corner Commercial Street and Plein Street). The budget comes amid disputes around the proposed 2% VAT increase from the African National Congress (ANC), with several parties opposing the move. Speaking across the VOC airwaves, Liso Mdutyana, Junior Researcher at the Institute For Economic […]

today12 March 2025

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