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South Africa scraps VAT increase in dramatic U-turn

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

By Karin Strohecker and Colleen Goko WASHINGTON (Reuters) -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,

Bloomberg L.P. · 1d

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 · 2d

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”,

Engineering News2d

Big 5 South Africa Impact Awards announce 51 finalists highlighting construction industry expertise, leadership and progression

Amid great anticipation, the 51 finalists for the 3rd edition of Big 5 South Africa Impact Awards have officially been revealed. Celebrating excellence across the built environment, Big 5 South Africa ...

Hosted on MSN11mon

Joburg locals call for deportation of illegal foreigners amid election day

especially in Hillbrow, emanate from Nigerians, mostly those inhabiting South Africa. This is an important policy for the safety and security of our country,” said Shuping. A staunch ANC ...

9don MSN

Major breakthrough in financial crime: SCCI apprehends suspects in R4. 4 million fraud

Three suspects have been arrested by the Serious Commercial Crimes Investigation (SCCI) unit in Johannesburg for their ...

BBC1mon

Stoic soldiers and daring drivers: Africa's top shots

Christian Velcich / AFP The following day in South Africa, two young boys practice their punches during the Johannesburg Interclub Development Tournament in the Hillbrow neighbourhood. Kim ...

2don 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South African rand stable after VAT hike withdrawn, markets await budget clarity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 ...

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