south africa inflation

South Africa’s finance minister wanted to raise VAT

South Africa’s fight over VAT raises a key question: who should bear the burden of taxes?

The important question in a democratic setting is who gets to pay taxes and how they connect to the well-being of its citizens.

BBC · 3d

South Africa's finance minister fails to unveil budget after tax row

South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government. Coalition partners derailed his budget after opposing his plan to raise value-added-tax (VAT),

The Financial Times · 3d

South Africa’s budget postponed for first time after cabinet rift

Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise

The Conversation on MSN · 1d

South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax

The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.

Mail & Guardian2d

Tax Bracket Over-inflation: How the treasury is forfeiting R198bn a year

However, a critical examination of our tax system reveals a policy decision that has significantly contributed to this purported fiscal constraint — the over-inflation of personal income tax (PIT) ...

News2410d

SA will likely wait until 2026 to lower inflation target, investors and analysts say

South Africa will probably wait until next year to lower its inflation target, according to a Bloomberg survey of investors ...

The Citizen2d

Budget 2025: Was the decision to increase VAT by 2% such a bad idea?

Poor and middle class consumer will bear the brunt if VAT is increased by 2% on 12 March. Economists warn consumers are ...

6don MSN

South Africa likely to announce primary Budget surplus and no big tax increases

South Africa is poised to announce a primary budget surplus, offering hope for stable tax rates amid global economic ...

Nigeria keeps benchmark interest rate steady as inflation seen falling gradually

Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was ...

businessday5d

7 things to know ahead rebased inflation figures

Inflation: As Nigerians await the rebased Consumer Price Index (CPI) figures to be released by the National Bureau of ...

Zawya1d

Finding the money to change South Africa’s trajectory

South Africa’s upcoming national budget will be closely scrutinised, with analysts focusing on, amongst others, the debt-to-GDP ratio, government spending and the risks that could lead to further ...

biznews.com2d

Steenhuisen slams ANC’s ‘disastrous’ VAT hike plan—DA fights back

In a heated showdown over South Africa’s budget, DA leader John Steenhuisen takes a firm stance against a proposed VAT hike.

6don MSN

Godongwana urged to increase social grants in line with food inflation

Human rights organisation Black Sash called on Godongwana to increase the social relief of distress (SRD) grant to match the ...

1don MSN

South African firm chooses Bitcoin reserve strategy as inflation hedge

South African investment firm Altvest Capital is the latest firm to make its first Bitcoin investment and announce an ...

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