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

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

Finance minister forced into climbdown on tax rise after bitter fight with governing partner

South Africa reverses VAT tax hike that threatened coalition government

The finance minister has warned that spending cuts or a rise in other taxes could follow.

South African Bonds Gain as Investors Welcome Tax-Hike U-Turn

South African government bonds extended gains on Thursday after the National Treasury scrapped plans for a tax increase that threatened to rupture the nation’s coalition government.

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 a pushback from various political parties.

South Africa scraps proposed tax increase after coalition partners pushback

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after a pushback from various political parties

VAT freeze triggers budget reboot

South Africa shelves the 2025 VAT hike, leaving a R75 bn gap and prompting urgent budget revisions as Parliament reshapes spending to protect fiscal stability.