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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 1h

South Africa's finance minister says he won't resign after VAT U-turn

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned value-added tax hike, despite opposition calls for him to quit."My job is to introduce money bills - nothing says they must be popular,

Bloomberg · 5h

South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government.

The Financial Times · 11h

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

Ukraine, South Africa and Donald Trump

BBC on MSN · 23h

Why South Africa and Ukraine are wooing each other - and what will Trump think?

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the once-strained relations between the two nations. The visit marks a diplomatic breakthrough for the Ukrainian leader in his efforts to counter Russia's strong - and growing - influence in Africa.

Bloomberg on MSN · 13h

South Africa’s Ramaphosa, Trump Discussed Relations, Ukraine War

South African President Cyril Ramaphosa said he spoke to US President Donald Trump about relations between the two countries and the war in Ukraine.

Reuters on MSN · 9h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

9hon MSN

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...

13hon MSN

South Africa scraps proposed tax increase after pushback from coalition partners and opposition

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

9h

US focuses on persecution claims as white South Africans seek resettlement

U.S. officials have interviewed white South Africans seeking refugee status about their troubles with land disputes, crime ...

1d

South Africa finally has a masterplan for a renewable energy industry: here’s what it says

South Africa’s ambitious renewable energy masterplan has been approved, but will need huge funding and co-ordination between government departments.

Bad news for anyone paying income tax in South Africa

While all the focus is on the reversal of the VAT hike in South Africa, individual taxpayers are still on the hook for almost ...

1don MSN

Climate change is lifting South Africa out of the ocean, study finds

South Africa is slowly lifting out of the water—by up to 2 millimeters per year depending on the region. It had been assumed ...

Briefly on MSN1d

Why do we celebrate Workers' day in South Africa? Explained

The WORKERS DAY SOUTH AFRICA is a celebration that is done on every 1st May. Workers' day South Africa is otherwise known as ...

BusinessTech11h

Kganyago has good news for South Africa

South Africa’s central bank Governor Lesetja Kganyago says that lower oil prices have helped drive inflation in the country ...

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